NYDIG Attracts $720M to Purchase Bitcoin
Reading Time: < 1 minute
According to a report to the US Securities and Exchange Commission (SEC), New York Digital Investment Group (NYDIG) has just raised $720 million in its Institutional Bitcoin Fund.
The fund has received support from 59 investors with an average investment of over $12 million.
NYDIG has also named Nate Conrad as its new president, whereas the post of CEO of the company has been taken by Tejas Shah.
The outgoing president Yan Zhao and former CEO Robert Gutmann will continue to work for Stone Ridge Holdings Group, NYDIG’s parent company. The latter will also retain his position on the board of directors of the company.
Follow and like us on
