NYDIG Raises USD 100M, Meitu Buys More BTC, Crypto Climate Accord by believeme

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NYDIG Raises USD 100M, Meitu Buys More BTC, Crypto Climate Accord
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Provider of technology and investment solutions for Bitcoin (BTC), NYDIG, raised USD 100m of additional growth capital from strategic partners including property and casualty (P&C)-focused insurers Starr Insurance, Liberty Mutual Insurance, and other P&C insurers, joining NYDIG's existing life insurance and annuity-focused strategic partners New York Life and MassMutual. They added that Mike Sapnar, CEO of reinsurer TransRe, will be joining as Global Head of Insurance Solutions, focusing on accelerating bitcoin-driven innovation in the global P&C industry.
The Hong Kong-based app maker Meitu said it acquired additional BTC 175.68 for around USD 10m, briging their total crypto portfolio to USD 100m.
Marlton, an investment management firm that holds "a significant and long-term" position in shares of Grayscale Bitcoin Trust (GBTC), issued an open letter to the Board of Directors of Grayscale Investments, advocating immediate action to address GBTC's significant discount to net asset value. Per the press release, Marlton believes in the strategy of offering investors exposure to BTC in the form of an equity security, thereby avoiding the challenges of investing in BTC directly. But despite GBTC's competitive advantage, its shares have traded at a "dramatic discount" to net asset value, with Marlton estimating that discount to currently be over USD 3.1bn. Responding to Grayscale's plans to re-apply to the US Securities and Exchange Commission to convert GBTC into an exchange-traded fund (ETF), Marlton noted that previous such applications in 2016 and 2017 weren't approved, and that GBTC stockholders deserve more from the company "than this failed and inadequate "wait and see" approach."
Collectively Ukrainian public officials own more than BTC 46,000 per their latest declarations and data compiled by the OpenDataBot incentive. The figures revealed that a total of 652 Ukrainian state-employed officials declared they held a sum total of BTC 46,351 – worth over USD 2.67bn at the time of writing. A government member, the Minister of Digital Transformation Mykhailo Fedorov, welcomed the news – writing on his Telegram channel that it proved how “far-sighted” and “progressive” the country’s officials are.
[SOURCE](https://cryptonews.com/news/nydig-raises-usd-100m-meitu-buys-more-btc-crypto-climate-acc-9852.htm)
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