Stone Ridge reveals $115M Bitcoin investment

posted 16 days ago
10 billion dollar Stone Ridge Asset Management firm's co-founder, Robert Gutmann, said his staff and clients believe in “the long term growth of an open-source monetary system—in assets like Bitcoin.” Stone Ridge subsidiary, New York Digital Investment Group (NYDIG) said it plans to integrate its own in-house BTC execution tools, making them available to clients for the first time. A lead NYDIG investor advocates that institutions should allocate between 100 and 500 basis-points of their portfolio to digital assets. “With the unprecedented fiscal and monetary stimulus happening across the globe…" cited as a reason.

The two largest funds currently managed by NYDIG are the $190 million Institutional Bitcoin Fund LP, disclosed in regulatory documents in June and the $140 million Bitcoin Yield Enhancement Fund LP disclosed in May. NYDIG now custodies more than $1 billion, it says, and the number of its clients has quadrupled over the past ten months.
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