December 10, 2020 MassMutual acquires $100M in BTC

This week, Massachusetts-based insurance provider MassMutual announced that it had purchased $100M worth of Bitcoin. In addition to the BTC, which is intended for the firm’s general insurance fund, MassMutual also acquired a 5% stake in New York Digital Investment Group, which help facilitate the BTC purchase. Though not publicly-traded, MassMutual manages insurance accounts of more than $235B.