New York Digital Investment Group announced the completion of a $200-million growth capital funding round for business initiatives relating to Bitcoin (BTC). The funding round was led by NYDIG strategic partners Morgan Stanley (NYSE:MS), Stone Ridge Holdings Group, Soros Fund Management and MassMutual, among others.
NYDIG, a provider of Bitcoin-related technology and investment services, will work alongside its strategic partners in applying Bitcoin-focused solutions to the insurance, banking and clean energy industries. NYDIG's co-founder and CEO, Robert Gutmann, said: