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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.
Updated Sep 14, 2021, 10:09 a.m. Published Oct 14, 2020, 7:00 p.m.
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.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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