NYDIG raises $720M as Bitcoin balance hits all-time high
Cointelegraph
Published Oct 03, 2022 12:45PM ET
Updated Oct 03, 2022 02:20PM ET
The bear market has not deterred one of the biggest Bitcoin (BTC) bulls. The balances of the New York Digital Investment Group, or NYDIG, hit record highs in Q3 of this year. Plus, a United States Securities and Exchange (SEC) filing could reveal the group’s intent to add more Bitcoin to its balance sheet.
According to a press release, NYDIG's Bitcoin balances are “up almost 100% year-over-year, and revenue is up 130% through Q2, with another increase when the firm closes its books on Q3.” The company HODLs more Bitcoin than ever despite Bitcoin continuing to tread lower and lower over the course of 2022.
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Written By: Cointelegraph
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