A $10B Firm Makes Bitcoin Its Primary Treasury Asset

Stone Ridge Holdings Group announces $50 million in new funding for its digital asset subsidiary as well as significant BTC treasury holdings.

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This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

Today on the Brief:

• Bitcoin hashrate at all-time highs
• Record number of large companies lose money during the pandemic
• JPMorgan releases research note on bitcoin

Our main discussion: Stone Ridge Holdings Group discloses $114 million in bitcoin treasury assets.

NLW digs into what Stone Ridge is, why it spun off New York Digital Investments Group (NYDIG) and how the company has quietly built itself into a serious player in the institutional crypto asset space.

See also: The Market Reacts to Square’s $50M Bitcoin Buy

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.