{"id":130587,"date":"2020-12-10T22:51:05","date_gmt":"2020-12-10T19:51:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-institutional-player-massmutual-purchases-100m-bitcoin\/"},"modified":"2020-12-10T22:51:05","modified_gmt":"2020-12-10T19:51:05","slug":"new-institutional-player-massmutual-purchases-100m-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-institutional-player-massmutual-purchases-100m-bitcoin\/","title":{"rendered":"# New institutional player \u2014 MassMutual purchases $100M Bitcoin"},"content":{"rendered":"<p>&#8220;<strong># New institutional player \u2014 MassMutual purchases $100M Bitcoin  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTIvNjBmZDMwZmUtYmVhMC00YjQ1LWI4ZGEtOGQzMmU4ZTljN2UzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> investment account.<\/p>\n<p>According to a report from The Wall Street Journal, the company <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/massmutual-joins-the-bitcoin-club-with-100-million-purchase-11607626800?page=1\">purchased<\/a> the coins \u2014 purportedly 5,470 Bitcoin (BTC) given the current price of $18,279 \u2014 through New York-based fund management company NYDIG. MassMutual also reportedly bought a $5 million equity stake in the firm, which holds $2.3 billion in crypto.<\/p>\n<p>The report states that the investment is part of a broad MassMutual strategy, with the goal of achieving \u201cmeasured yet meaningful exposure to a growing economic aspect of our increasingly digital world.&#8221;<\/p>\n<p>The purchase comes as major institutional players are adopting Bitcoin for the first time and going longer on crypto investments. In September, business intelligence firm MicroStrategy purchased more than $425 million in Bitcoin as a reserve asset. Earlier this week, the company announced it would invest the proceeds from a $400 million securities offering into Bitcoin as well.<\/p>\n<p>MassMutual reportedly oversees more than $235 billion in its general investment account as of Sept. 30.<\/p>\n<p><em>This story is developing and will be updated.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/new-institutional-player-massmutual-purchases-100m-bitcoin\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# New institutional player \u2014 MassMutual purchases $100M Bitcoin &#8221; Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its general investment account. According to a report from The Wall Street Journal, the company purchased the coins \u2014 purportedly 5,470 Bitcoin (BTC) given the current price of $18,279 \u2014&#8230;<\/p>\n","protected":false},"author":1,"featured_media":130588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/60fd30fe-bea0-4b45-b8da-8d32e8e9c7e3.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75720,74355,117,73711,67874],"class_list":["post-130587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-investment","tag-adoption","tag-business","tag-investments","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/130587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=130587"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/130587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/130588"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=130587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=130587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=130587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}