Notice: Undefined index: slug in /home/z7wdyktw/pinmybis.net/wp-includes/class-wp-theme-json.php on line 1110

Notice: Undefined index: slug in /home/z7wdyktw/pinmybis.net/wp-includes/class-wp-theme-json.php on line 1110

Notice: Undefined index: slug in /home/z7wdyktw/pinmybis.net/wp-includes/class-wp-theme-json.php on line 1110
Connect with us

News

Pension fund for Texas firefighters reportedly allocates $25M to Bitcoin and Ether By Cointelegraph

Published

on



© Reuters

The pension fund for firefighters in Houston has allocated part of its $4 billion portfolio towards crypto.

According to a Thursday Bloomberg report, the Houston Firefighters’ Relief and Retirement Fund used the New York Digital Investment Group, or NYDIG, to execute the purchase of $25 million in (BTC) and Ether (ETH). Public records through the Texas comptroller’s office show the pension fund held more than $4.1 billion in total net assets as of June 2020, meaning the group has allocated roughly 0.6% of its portfolio towards digital assets.