MassMutual, a 169 year old insurance company, has recently bought $100 million worth of Bitcoin. This is even more bullish news for BTC as its becoming more mainstream amongst large financial firms. The company also acquired a $5 million stake in NYDIG, a subsidiary of Stone Ridge that provides cryptocurrency services. 

MassMutual follows a growing list of companies that have began to invest in Bitcoin, including MicroStrategy Inc. and Square Inc. Robert Gutmann, the CEO and Co-Founder of MassMutual described the investment as "an incredible moment in the history of Bitcoin and the insurance industry". Spokeswoman Chelsea Harry also stated that, "We see this investment as a first step, and like any investment, may explore future opportunities."

The price of BTC has seen a nearly 177% surge in price this year, reaching a high of $19,857 before falling back down. The price of BTC currently rests around $18,800.