The New York Digital Investment Group raised $ 150 million through two separate cryptocurrencies, according to filings with the US Securities and Exchange Commission on November 24 and December 1.
NYDIG I Digital Asset Fund raised $ 50 million and NYDIG II Digital Asset Fund raised $ 100 million.
Reports show that the money raised by Fund I, which only invests in bitcoin (BTC), came from just two unnamed investors. Meanwhile, a second larger fund is known for receiving its $ 100 million investment from a single investor.
The new funds follow a big year for NYDIG, which announced $ 50 million in capital gains in October through investments from commercial and investment banks, insurance companies and asset managers.
New York Digital Investment Group is a subsidiary of Stone Ridge, a $ 10 billion asset management giant.
As Cointelegraph reported, Stone Ridge recently invested 10,000 BTCs in bitcoins. To date, the return on these investments has exceeded $ 75 million.
It seems that large companies investing in bitcoin have an increasing trend since MicroStrategy invested $ 250 million in the first digital currency in August. Robert Gottman, CEO of NYDIG, noted this trend earlier this year, stating that Bitcoin is becoming “a predominantly corporate asset.”