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The New York Digital Investment Group raised $ 150 million through two separate cryptocurrency investment funds, according to filings with the United States Securities and Exchange Commission on November 24 and December 1.
NYDIG Digital Assets Fund I raised $ 50 million, while NYDIG Digital Assets Fund II raised $ 100 million.
Reports suggest that the money raised by Fund I, which invests exclusively in Bitcoin (BTC), came from just two anonymous investors. Meanwhile, the largest Fund II is believed to have received the entire $ 100 million investment from a single investor.
The new funds follow an important year for NYDIG, which in October announced capital growth of $ 50 million through investments from commercial and investment banks, insurance companies and wealth managers.
New York Digital Investment Group is a subsidiary of Stone Ridge, a $ 10 billion wealth management giant.
As Cointelegraph reported, Stone Ridge recently made an investment in Bitcoin in the amount of 10,000 BTC. To date, that investment has seen earnings of over $ 75 million.
There seems to be a growing trend of large companies investing in Bitcoin, as business intelligence firm MicroStrategy made a $ 250 million investment in the number one cryptocurrency in August. NYDIG CEO Robert Gutmann spotted this trend earlier this year, stating that Bitcoin is transitioning to a “predominantly institutional-owned asset”.
