Yesterday NYDIG, a Bitcoin investment provider, announced it raised $100 million from Starr Insurance, Liberty Mutual and other insurers. The news comes just a month after unveiling the company had raised $200 million. The March round saw investment from Stone Ridge, Morgan Stanley, New York Life, MassMutual, Soros Fund Management, FS Investments and others.
Taking account of earlier investments, the two recent funding rounds mean the total capital raised to date is more than $400 million.
Last month the company said that insurers have exposure to more than $1 billion in Bitcoin through its platform.
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