Massachusetts Mutual (MassMutual), a major insurance company, invested $100 million in Bitcoin in 2020, which is now worth over $500 million. The firm made the investment when Bitcoin was trading around $19,000, and its value has since skyrocketed to $100,500. It is unclear whether MassMutual still holds its BTC investment or if it has sold any portion of it. The insurance giant's investment in Bitcoin was seen as a measured exposure to the growing digital economy.
- Content Editor ( cryptoglobe.com )
- 2024-12-11
MassMutual’s Strategic Bitcoin Investment Grows Fivefold to $500 Million