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Tue, Oct 13, 2020 6:49 PM by Coinfomania

Asset Manager Stone Ridge Discloses $115 Million in Bitcoin Holdings

New York-based investment asset management company Stone Ridge has today revealed in a Forbes article that it holds over $115 million in Bitcoin. This puts the asset manager in the same category as MicroStrategy and Square Inc., two other U.S. companies that recently added Bitcoin to their portfolio. But Stone Ridge’s involvement with Bitcoin dates back to 2017 when the company identified a growing interest in the new asset class amid many of its staff and clients. Rather than let the demand wane, the asset manager decided to launch a non-wholly owned subsidiary dedicated to Bitcoin. The subsidiary company dubbed

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