Tag: massmutual

Oct 15 2021

MassMutual Bitcoin Investment Has Tripled In Dollar Value

The Massachusetts-based insurance company’s $100 million bitcoin purchase in December 2020 is now worth more than $300 million.MassMutual has more than tripled the dollar value of its bitcoin investment in under one year.The insurance company bought an undisclosed amount of BTC for $100,000,000 on December 10, 2020, when the bitcoin price was hovering around $18,500.The Massachusetts...

Dec 18 2020

Goldman Sachs Defies JPMorgan, Says Bitcoin’s Growth No Threat to Gold

There's been a lot of buzz with the Bitcoin vs Gold debate picking up in the last few months. However, two of the Wall Street banking giants have come at odds on a common opinion. A few days back, JPMorgan strategists said...

Dec 16 2020

Bitcoin (BTC) Trade the Third Most-Crowded After Tech Stocks and USD, Driven By Institutional Interests

The latest institutional interest in Bitcoin (BTC) has brought massive trading volumes to the asset class. As per fund managers of top financial institutions, Bitcoin is the third-most crowded trade after technology...

MassMutual Invests $100 Million in Bitcoin

2020 continues to be a great year for digital currency as Massachusetts Mutual Life Insurance Co. (MassMutual) announced its purchase of $100 million in Bitcoin (BTC) for its general investment account. According to the report, MassMutual becomes one of the newest organizations to embrace Bitcoin,...

Dec 14 2020

JPMorgan Discusses $600B in Potential New Bitcoin Demand

Dec 14 2020 Published at CoinDesk under tags  bitcoin jpmorgan massmutual people podcasts

MassMutual’s $100M BTC investment has the potential to open a massive new investment category, according to analysts.

MassMutual’s $100M Bitcoin Investment Marks Adoption Milestone: JPMorgan

Dec 14 2020 Published at CoinDesk under tags  bitcoin business jpmorgan markets massmutual

JPMorgan analysts said MassMutual's recent $100 million bitcoin purchases are a sign of growing mainstream acceptance for the cryptocurrency.

JPMorgan: MassMutual’s Bitcoin (BTC) Bet Hits Rising Institutional Demand

cJPMorgan strategists have backed the recent $100-million Bitcoin investment by insurance giant Massachusetts Mutual Life. Last week, the 169-year-old investment giant...

Dec 11 2020

Why a Massive 169-Year-Old Insurance Company Just Bought $100M in Bitcoin

Dec 11 2020 Published at CoinDesk under tags  bitcoin massmutual nydig people podcasts

MassMutual becomes the latest announced institutional buyer of bitcoin, and this one could be even more significant in terms of precedent.

MassMutual Invests $100 Million in Bitcoin

Another company is investing millions of dollars in Bitcoin (BTC). Massachusetts Mutual Life Insurance Co, also known as MassMutual, purchased $100 million in Bitcoin. The newly-acquired Bitcoin will […]

Dec 10 2020

MassMutual Buys $100 Million Worth Of Bitcoin

The Massachusetts Mutual Life Insurance Company has jumped on the Bitcoin hype train with the announcement of its purchase of $100 million in BTC for its general insurance account, which totaled almost $235 billion as of September, according to the Wall Street Journal. This continues an ongoing trend of companies and institutions...

MassMutual Buys $100M in Bitcoin, Bets on Institutional Adoption With $5M NYDIG Stake

Dec 10 2020 Published at CoinDesk under tags  bitcoin investment markets massmutual news

Massachusetts Mutual has made a $100 million investment in bitcoin and a $5 million equity stake in New York Digital Investments Group.

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