Throwback: Stone Ridge Bought 10,000 BTC, 6 Years Ago Today
On Oct 13, 2020, Stone Ridge said it had bought more than 10,000 BTC as its main treasury reserve, worth over $100M then. Its unit NYDIG raised $50M the same day. Back then only a handful of firms held BTC on their balance sheets. Now it's a whole category.
$BTC
Who buys the next 10,000?
Source: NYDIG and Stone Ridge press release, Dave Finances article, shared on X
On Oct 13, 2020, Stone Ridge said it had bought more than 10,000 BTC as its main treasury reserve, worth over $100M then. Its unit NYDIG raised $50M the same day. Back then only a handful of firms held BTC on their balance sheets. Now it's a whole category.
$BTC
Who buys the next 10,000?
Source: NYDIG and Stone Ridge press release, Dave Finances article, shared on X