Bitcoin milestone approaching? NYDIG CEO reveals: Several companies will announce major good news next week

I know that starting next week, you will see some institutions announce significant bullish news, and their actions will be a milestone that changes the game rules. - CEO of asset management firm NYDIG.

Turning Point Approaching?

Stone Ridge, a $15 billion asset management firm with over $10 billion in assets under management, revealed by the CEO of its subsidiary New York Digital Investment Group (NYDIG), Robby Gutmann:

We are at the cusp of widespread Bitcoin adoption.

Furthermore, Gutmann mentioned on a Podcast on March 15:

We can expect some bullish announcements from institutional strategic partners, which will completely change the traditional financial landscape. I know that starting next week, you'll see some institutions announcing major positives, and their actions will be a milestone in changing the game.

$200 Million Funding, Bitcoin ETF Push

On February 16, NYDIG filed a Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC), with Morgan Stanley being one of the participants.

With this year's surge in Bitcoin prices, the long-dormant hope for an ETF has been rekindled. Even Grayscale Investments is aggressively hiring ETF experts to seize the opportunity in this lucrative market.

Additionally, NYDIG recently completed a $200 million funding round earlier this month, led by several prominent institutions including Morgan Stanley, New York Life, MassMutual, Soros Fund Management, and FS Investments.

Holding Ten Thousand Bitcoins

As early as October last year, Stone Ridge purchased ten thousand Bitcoins, with its subsidiary NYDIG serving as the custodian. According to Bitcoin Treasuries data, it even holds more Bitcoins than the 4,487 coins on Coinbase's balance sheet in the unlisted company ranking.

Coincidentally, NYDIG offers a product called "Corporate Treasury," similar to previous seminars conducted in collaboration with MicroStrategy and Ernst & Young, aimed at teaching companies to hold Bitcoin as a reserve asset, including operational considerations, legal and accounting implications.

While Gutmann did not elaborate on the bullish details, it may be that the company's "Corporate Treasury" product has been adopted by some as-yet undisclosed companies.