Insurer MassMutual scoops up $100 million worth of Bitcoin, and billionaire Mike Novogratz noted it as the most important news in crypto this year | Currency News | Financial and Business News

  • Insurer MassMutual is the latest financial institution to invest in Bitcoin, buying $100 million worth of the digital token.
  • The company also acquired a 5% stake in crypto startup, NYDIG. 
  • Billionaire Mike Novogratz highlighted the insurer’s Bitcoin purchase as the most important news in the crypto space in 2020, and called for regulatory approval.
  • The investment represents 0.04% of MassMutual’s $235 billion general investment…

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