Cryptocurrency company NYDIG raised $200 million, and bitcoin grew by $5,000 in a day

BestChange
2 min readMar 9, 2021

Cryptocurrency company NYDIG raised $200 million

The American company New York Digital Investment Group (NYDIG) has completed a $200 million investment round to implement its cryptocurrency initiatives. The round was attended by such companies as Morgan Stanley, Stone Ridge Holdings Group, MassMutual.

“The firms participating in this round are more than investors — they are partners, each well known to us for years. NYDIG will be working with these firms on Bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy, and philanthropy,” NYDIG CEO Robert Gutmann said.

NYDIG plans to implement Bitcoin-based financial solutions in the areas of investment management, insurance, banking, charity and green energy.

“In the months and quarters ahead, look out for an explosion of innovation in Bitcoin products and services delivered by NYDIG, in partnership with our new investors,” Gutmann said.

Bitcoin has risen in price by $5,000 in 24 hours

The main cryptocurrency rose again. For the first time in two weeks, the price of bitcoin was over $54,000. And over the course of the day, BTC has risen in price by 8%, according to Coinmarketcap data.

The first cryptocurrency rose amid several positive news at once. Earlier, MicroStrategy acquired another $25 million worth of BTC.

Norwegian entrepreneur Kjell Inge Røkke announced the launch of a new investment company Seetee, which will invest in cryptocurrencies.

According to the official statement, Seetee has already purchased over a thousand bitcoins. This is about $63 million at the current exchange rate. Seetee plans to actively cooperate with other companies, for example, the company has already agreed to cooperate with Blockstream.

Popular fast-food chain has issued non-fungible tokens

Taco Bell, a popular fast-food chain in the USA, has released collectible digital tacos in the form of NFT on the Rarible platform. The assets are now sold out.

“Our Spicy Potato Soft Tacos can now live in your hearts, stomachs and digital wallets,” the company said in a Twitter post.

Taco Bell has released five tokens in the form of images, animations, and short videos. They could be bought in the amount of five units for 0.001 ETH. That’s about $1.82.

However, after a few hours, the rate on one of the non-fungible tokens from Taco Bell increased to 0.7 WETH, which amounted to about $1,280.

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