The number of large corporations who continue to purchase Bitcoin as a reserve asset is growing as Stone Ridge Holding Group (SRHG), a $10B+ AUM asset manager to leading financial advisors, institutions, and insurance companies, announced yesterday that it has purchased more than 10,000 BTC, worth over $100M currently.
This follows announcements by Square and MicroStrategy, whom have both acquired Bitcoin as part of their treasury strategies. Square recently acquired $50M worth of BTC, while MicroStrategy, the largest independent publicly-traded business intelligence company, has acquired over $400M worth of BTC over the last few months.
Ross Stevens, founder of SRHG said, “I view Bitcoin as a border-agnostic, uniting force for good. Bitcoin can propel global citizens that opt in towards a brighter, and fairer, financial future. From an investment perspective, we’ve long viewed Bitcoin as superior to cash. And now with unchecked – and unbacked – global paper money printing and real yields increasingly negative, SRHG’s more than 10,000 BTC are the principal component of our treasury reserve strategy.”
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For the official press release from Stone Ridge Holdings Group, please click the following link: CLICK HERE
