New York Digital Investment Group raised $ 150 million through two separate cryptocurrency funds, according to documents submitted to the U.S. Securities and Exchange Commission on November 24 and December 1.
The Digital Asset Fund raised the first New York digital investment group $ 50 million, while the Digital Asset Fund raised the second New York digital investment group $ 100 million.
Reports indicate that the money raised by the first fund, which invests only in Bitcoin (BTC), came from only two unnamed investors. Meanwhile, the second, larger fund is well known for receiving its $ 100 million investment from a single investor.
The new funds come on the heels of a big year for the New York Digital Investment Group, which announced $ 50 million in equity growth in October with 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.
According to Cointelegraph, Stone Ridge recently invested its own Bitcoin in the amount of 10,000 BTC. To date, this investment has seen gains of over $ 75 million.
There appears to be a growing trend for large companies investing in Bitcoin, as the business intelligence firm MicroStrategic invested $ 250 million in the first digital currency in August. Robert Gottman, CEO of New York Digital Investment Group, pointed to the trend earlier this year, noting that Bitcoin is transforming into a "predominantly enterprise-owned asset".
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