Wall Street Journal: MassMutual Joins the Bitcoin Club with $100 Million Purchase Through NYDIG
Wall Street Journal
December 10, 2020
NYDIG’s co-founder and CEO Robby Gutmann recently spoke with The Wall Street Journal about facilitating MassMutual’s purchase of $100 million in Bitcoin for its general investment account, along with its $5 million minority equity stake in NYDIG.
Gutmann talks about how the MassMutual partnership signifies the expansion of Bitcoin into the insurance industry, with interest rates hovering near zero and a depreciating dollar making Bitcoin a more attractive addition to general investment accounts.