TechFlow News — According to Bloomberg, Massachusetts Mutual Life Insurance Company (MassMutual) has purchased $100 million worth of bitcoin for its general investment fund through New York Digital Investment Group (NYDIG), and acquired $5 million worth of equity in NYDIG. NYDIG, which already safeguards over $2.3 billion in crypto assets for clients, will provide custody services for MassMutual’s bitcoin holdings. Founded in 1851, MassMutual is a U.S. mutual life insurer serving 5 million customers and managing more than $235 billion in insurance accounts.
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