Stone Ridge

Stone Ridge, a New York-based institutional asset management company, has become the latest company to describe Bitcoin as a "Primary Treasury Reserve Asset."  Announcing this today, the company, worth $10 billion, noted that it holds 10,000 Bitcoin worth $115 million as a reserve asset.  The asset manager said it is non-wholly owned crypto subsidiary, NYDIG, would maintain custody of the Bitcoin. NYDIG was launched during the crypto rush of 2017 to cater to the needs of new breeds of institutional…