MassMutual, a 170-year-old insurance giant managing over $235 billion in assets, purchases $100 million in Bitcoin for its general investment account through NYDIG. The purchase signals a major shift in traditional finance's acceptance of Bitcoin as a legitimate asset class. When a conservative insurance company that has been in business since 1851 buys Bitcoin, it validates the "digital gold" thesis for institutional investors watching from the sidelines.
WSJ: MassMutual Joins the Bitcoin Club