A pension fund in the United States has added both Bitcoin and Ether to its portfolio. This marks the first-ever cryptocurrency investment by a US public pension plan, further highlighting institutional demand for crypto exposure. Firefighter Pension Partners With NAYDIG According to a press release from Newswire, the Houston Firefighters' Relief and Retirement Fund (HFRRF) announced their investment this morning. NAYDIG – a Fintech service provider for banks, corporations, and institutions – facilitated the purchase on the fund’s behalf. It…
Tag: Tesla Buys Bitcoin
Breaking: Tesla Buys $1.5 Million Worth Of Bitcoin
Less than a week after Elon Musk pumped bitcoin's price via a Twitter bio update, fresh reports revealed that Tesla has purchased a whopping $1.5 billion worth of bitcoin. According to an official SEC filing published today, the Elon Musk-led company stated that it had acquired the digital currency after updating its investment policy to provide it with "more flexibility to diversify further and maximize returns." Tesla also added that it has the option of allocating some of its funds…
9 months ago
