US Major Insurer Sees 5-Fold Increase in Value of 5,000 Bitcoins Purchased 4 Years Ago

JH Kim

Summary

MassMutual's 5,000 Bitcoins purchased in 2020 are now estimated to be worth about $500 million, a fivefold increase.
MassMutual's Bitcoin investment case demonstrates the long-term benefits and potential of cryptocurrency investments.
On the 12th, BTC fell by 3.99% to trade at $100,255.99, indicating market volatility that should be noted.

According to Bitcoin Magazine, a cryptocurrency-focused media outlet, the major US insurer MassMutual's 5,000 Bitcoins (BTC) purchased in 2020 are now estimated to be worth approximately $500 million, marking a fivefold increase.

Meanwhile, BTC is trading at $100,255.99, down 3.99% from the previous day, as of 00:42 on the 12th in the Binance Tether (USDT) market.

BTC

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

US Major Insurer Sees 5-Fold Increase in Value of 5,000 Bitcoins Purchased 4 Years Ago

Meanwhile, BTC is trading at $100,255.99, down 3.99% from the previous day, as of 00:42 on the 12th in the Binance Tether (USDT) market.

PiCK News

US private-sector job growth slows… ADP: "Weekly average up 6,500"

Michael Saylor: "No Bitcoin sale by Strategy… concerns about selling are unfounded"

"Some memecoins rally amid Bitcoin stagnation…selling pressure persists in derivatives markets"

"Barometer of institutional sentiment"… Coinbase’s Q4 results flash a warning sign

"US government may face a 'partial shutdown' this weekend amid immigration policy dispute…Polymarket 70%"

Trending News