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You are at:Home » Sovereign Wealth Funds Planning to Buy Bitcoin – NYDIG
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Sovereign Wealth Funds Planning to Buy Bitcoin – NYDIG

AB News DeskBy AB News DeskMarch 24, 2021Updated:March 25, 2021No Comments2 Mins Read
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United States, March 24, 2021 /AlexaBlockchain/ – Sovereign wealth funds are planning to invest in Bitcoin. NYDIG today confirmed that sovereign wealth funds have enquired with the firm about buying Bitcoin.

NYDIG has been having conversations with sovereign wealth funds about possible Bitcoin investments, according to Robert Gutmann, NYDIG CEO.

  • Gutmann made this revelation during a virtual podcast with investment strategist and founder of Real Vision Raoul Pal.
  • Pal also confirmed Gutmann’s revelation, stating that Singapore’s sovereign wealth fund Temasek was indeed a Bitcoin investor.
  • According to Pal, Temasek which holds about $306 billion in AUM (assets under management), has been buying virgin Bitcoin from miners.
  • Temasek Holdings Limited is a Singaporean holding company, owned by the Government of Singapore.
  • Temasek is amongst the top ten biggest sovereign wealth funds globally.

Bloqport tweeted on this news.

NYDIG has just confirmed that sovereign wealth funds have enquired with the firm about buying #Bitcoin

— Bloqport (@Bloqport) March 24, 2021

NYDIG (New York Digital Investment Group)

NYDIG (New York Digital Investment Group) is a leading technology and financial services firm dedicated to Bitcoin. NYDIG today reduced Bitcoin fee to 0.3%, the lowest in the industry.

Editor’s note: This is a developing story. Inputs may change. More information will be added soon.

Bitcoin Nydig Sovereign Wealth Fund (SWF) Temasek United States
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AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

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