Bitcoin Solution Vendor NYDIG Raises $100 Million from P&C Insurers

Anthony R. O’Donnell // April 9, 2021

(Image source: NYDIG website.)

NYDIG, a New York-based provider of technology and investment solutions for Bitcoin, has raised $100 million of additional growth capital from strategic partners including property/casualty insurers Starr Insurance (New York), Liberty Mutual Insurance (Boston), and other P&C insurers, joining NYDIG’s existing life insurance and annuity-focused strategic partners New York Life (New York) and MassMutual (Springfield, Mass.).

Mike Sapnar, CEO, TransRe.

NYDIG also announced that Mike Sapnar, CEO of TransRe (New York) would be joining as Global Head of Insurance Solutions.

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