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NYDIG Raises $720 Million For Its Bitcoin Institutional Fund

NYDIG has generated about $720 million for its Bitcoin Institutional Fund. This success was made possible by the 59 Investors who donated an average of over $12 million to the fundraising.
Bitcoin
Dot
October 3, 2022
Chiagoziem Bede Ikwueze

Chiagoziem has gathered a wealth of experience, having worked for many prominent crypto-based businesses, including Revain, Whiteboard Crypto, DeRev, The Crypto Cartel, Crypto News, MoneySwitch, Full Value Dan, and Bitcompare. Over the past couple of years, his works have been featured in many publications and places. When he is not writing, he spends time working on his other digital businesses, playing video games, reading books, watching movies, and most importantly, enjoying quality time with loved ones.

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TABLE OF CONTENTS
Fundraising; Photo Source: TechMoran

‍

The company said in a press release, “NYDIG's Bitcoin balances hit all-time highs in Q3, up almost 100% year-over-year...”

New York Digital Investment Group (NYDIG) has been making moves toward investing in its institutional fund. A filing was done with the US Securities and Exchange Commission (SEC) on September 29. According to the filing, NYDIG has generated $720 million for its Institutional Bitcoin Fund. 

A total of 59 investors joined the NYDIG funding round. It is estimated that each investor contributed an average of over $12 million to the fund. From this estimation, these are certainly high-networth individuals or corporate and institutional investors.  

The filing warns readers that the information may not be reviewed by SEC. Hence, the data should not be seen as complete or accurate. 

NYDIG is a leading provider of technology and investment solutions for Bitcoin. The investment company is also a subsidiary of Stone Ridge. 

This company has created successful firms in the world of technology and finance. It has also created more than $13 billion in alternative asset managers.

NYDIG has been experiencing some major success lately.

In a press release by the investment company, 

“NYDIG's Bitcoin balances hit all-time highs in Q3, up almost 100% year-over-year, and revenue is up 130% through Q2, with another increase when the firm closes its books on Q3. Building on this momentum.”

The company also announced its appointment of a new CEO and President. Earlier today, NYDIG stated that Tejah Shah and Nate Conrad would take up the CEO and President positions. 

To continue the company's success, Shah and Conrad will focus on accelerating NYDIG’s investment in its leading mining solutions franchise. 

This franchise serves the largest North American miners. Also, it helps banking and non-banking enterprises utilize the Lightning Network for next-generation wallets and global payments.

The former CEO and President, Robert Gutmann, and Yan Zhao will remain in Stone Ridge Holdings. They co-founded the parent company in 2012 with Ross Stevens.

New York Digital Investment Group
Fundraising
SEC
Stone Ridge Holdings
Bitcoin Mining
Lightning Network
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Warning: The price of digital assets can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Any APR shown is a rough estimate of how much cryptocurrency you will earn in rewards over the time period you choose. It does not display the actual or predicted returns or yields in any fiat currency. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. The information on this page is not meant to be a sign from Bitcompare that the information is correct or reliable. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. Links to third-party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. For more information, see the Terms of Service for Bitcompare and our Risk Warning.

NewsBestReviews
Bitcoin
October 3, 2022

NYDIG Raises $720 Million For Its Bitcoin Institutional Fund

HomeBitcoin
Blog Post
Contents
Fundraising; Photo Source: TechMoran

‍

The company said in a press release, “NYDIG's Bitcoin balances hit all-time highs in Q3, up almost 100% year-over-year...”

New York Digital Investment Group (NYDIG) has been making moves toward investing in its institutional fund. A filing was done with the US Securities and Exchange Commission (SEC) on September 29. According to the filing, NYDIG has generated $720 million for its Institutional Bitcoin Fund. 

A total of 59 investors joined the NYDIG funding round. It is estimated that each investor contributed an average of over $12 million to the fund. From this estimation, these are certainly high-networth individuals or corporate and institutional investors.  

The filing warns readers that the information may not be reviewed by SEC. Hence, the data should not be seen as complete or accurate. 

NYDIG is a leading provider of technology and investment solutions for Bitcoin. The investment company is also a subsidiary of Stone Ridge. 

This company has created successful firms in the world of technology and finance. It has also created more than $13 billion in alternative asset managers.

NYDIG has been experiencing some major success lately.

In a press release by the investment company, 

“NYDIG's Bitcoin balances hit all-time highs in Q3, up almost 100% year-over-year, and revenue is up 130% through Q2, with another increase when the firm closes its books on Q3. Building on this momentum.”

The company also announced its appointment of a new CEO and President. Earlier today, NYDIG stated that Tejah Shah and Nate Conrad would take up the CEO and President positions. 

To continue the company's success, Shah and Conrad will focus on accelerating NYDIG’s investment in its leading mining solutions franchise. 

This franchise serves the largest North American miners. Also, it helps banking and non-banking enterprises utilize the Lightning Network for next-generation wallets and global payments.

The former CEO and President, Robert Gutmann, and Yan Zhao will remain in Stone Ridge Holdings. They co-founded the parent company in 2012 with Ross Stevens.

New York Digital Investment Group
Fundraising
SEC
Stone Ridge Holdings
Bitcoin Mining
Lightning Network
Chiagoziem Bede Ikwueze

Chiagoziem has gathered a wealth of experience, having worked for many prominent crypto-based businesses, including Revain, Whiteboard Crypto, DeRev, The Crypto Cartel, Crypto News, MoneySwitch, Full Value Dan, and Bitcompare. Over the past couple of years, his works have been featured in many publications and places. When he is not writing, he spends time working on his other digital businesses, playing video games, reading books, watching movies, and most importantly, enjoying quality time with loved ones.

in

‍

The company said in a press release, “NYDIG's Bitcoin balances hit all-time highs in Q3, up almost 100% year-over-year...”

New York Digital Investment Group (NYDIG) has been making moves toward investing in its institutional fund. A filing was done with the US Securities and Exchange Commission (SEC) on September 29. According to the filing, NYDIG has generated $720 million for its Institutional Bitcoin Fund. 

A total of 59 investors joined the NYDIG funding round. It is estimated that each investor contributed an average of over $12 million to the fund. From this estimation, these are certainly high-networth individuals or corporate and institutional investors.  

The filing warns readers that the information may not be reviewed by SEC. Hence, the data should not be seen as complete or accurate. 

NYDIG is a leading provider of technology and investment solutions for Bitcoin. The investment company is also a subsidiary of Stone Ridge. 

This company has created successful firms in the world of technology and finance. It has also created more than $13 billion in alternative asset managers.

NYDIG has been experiencing some major success lately.

In a press release by the investment company, 

“NYDIG's Bitcoin balances hit all-time highs in Q3, up almost 100% year-over-year, and revenue is up 130% through Q2, with another increase when the firm closes its books on Q3. Building on this momentum.”

The company also announced its appointment of a new CEO and President. Earlier today, NYDIG stated that Tejah Shah and Nate Conrad would take up the CEO and President positions. 

To continue the company's success, Shah and Conrad will focus on accelerating NYDIG’s investment in its leading mining solutions franchise. 

This franchise serves the largest North American miners. Also, it helps banking and non-banking enterprises utilize the Lightning Network for next-generation wallets and global payments.

The former CEO and President, Robert Gutmann, and Yan Zhao will remain in Stone Ridge Holdings. They co-founded the parent company in 2012 with Ross Stevens.

Written by
Chiagoziem Bede Ikwueze
New York Digital Investment Group
Fundraising
SEC
Stone Ridge Holdings
Bitcoin Mining
Lightning Network

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Bitcompare.net is a trading name of Tokentalk Ltd. Registered in England No. 11332964. Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP.

Advertiser disclosure: Bitcompare is a comparison engine that relies on advertising for funding. The business opportunities that can be found on this site are offered by companies with which Bitcompare has made deals. This relationship may affect the way and where products appear on the site, such as in what order they are listed in categories. Information about products may also be placed based on other factors, such as the ranking algorithms on our website. Bitcompare does not look at or list all companies or products on the market.
‍
Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. The opinions expressed here are the author’s alone. Additionally, the opinions expressed by the commenters do not necessarily reflect those of Bitcompare or its staff. When you leave a comment on this site, it will not show up until a Bitcompare administrator approves it.

Warning: The price of digital assets can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are the only one who is responsible for the money you invest, and Bitcompare is not responsible for any losses you might have. Any APR shown is a rough estimate of how much cryptocurrency you will earn in rewards over the time period you choose. It does not display the actual or predicted returns or yields in any fiat currency. The APR is adjusted daily, and the estimated rewards may differ from the actual rewards generated. The information on this page is not meant to be a sign from Bitcompare that the information is correct or reliable. Before making any investment, you should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult with an independent financial advisor. Links to third-party sites are not under the control of Bitcompare, and we are not responsible for the reliability or accuracy of such sites or their contents. For more information, see the Terms of Service for Bitcompare and our Risk Warning.