User:Nydig-kbb/sandbox

NYDIG is a financial services firm headquartered in New York, New York, United States. They provide a range of digital asset services to institutions, private clients, banks, and Fintech companies. NYDIG was founded in 2017 by Ross Stevens and Robert Gutmann and it is currently the largest institutional-only digital asset company in the United States by assets.

History
NYDIG was founded in 2017 by Ross Stevens and Robert Gutmann as New York Digital Investment Group, a subsidiary of Stone Ridge Holdings Group. In 2017, the company received a US$50 million Series A investment led by Bessemer Venture Partners. In October 2020, the company received a US$50 million growth equity round of funding, led by FinTech Collective, with Bessemer Venture Partners and Ribbit Capital participating. In December of the same year, the company received a US$5 million investment from MassMutual, at the time MassMutual announced it had purchased US$100 million of Bitcoin for its general investment account.

Bitcoin Corporate Treasury Reserve Strategy
In 2020, in an interview with Forbes, NYDIG announced that its parents company, Stone Ridge Holdings Group, had purchased 10,000 Bitcoin for its corporate treasury, worth more than US$115 million at the time.