New York Digital Funding Group has raised $150 million via two separate cryptocurrency funding funds, in line with paperwork filed with america Securities and Alternate Fee on Nov. 24 and Dec. 1.

The NYDIG Digital Property Fund I raised $50 million, with the NYDIG Digital Property Fund II elevating an additional $100 million.

Experiences recommend that the cash raised by Fund I, which invests purely in Bitcoin (BTC), got here from simply two unnamed traders. In the meantime, the bigger Fund II is reputed to have obtained its whole $100 million funding from a single investor.

The brand new funds comply with an enormous 12 months for NYDIG, which announced $50 million in fairness development in October via investments from industrial and funding banks, insurance coverage companies, and asset managers. 

New York Digital Funding Group is a subsidiary of Stone Ridge, a $10 billion asset administration large.

As Cointelegraph reported, Stone Ridge lately made a Bitcoin funding of its personal to the tune of 10,000 BTC. Thus far that funding has seen positive factors of over $75 million.

There appears to be a rising development of enormous companies investing in Bitcoin, as enterprise intelligence agency MicroStrategy made a $250 million funding into the primary cryptocurrency again in August. NYDIG CEO Robert Gutmann observed this development earlier this 12 months, stating that Bitcoin is transitioning to a “predominantly institutionally-owned asset.”