2020 Shareholder Letter

Stone Ridge Asset Management manages $10bn of assets on behalf of their clients and in 2017, founded NYDIG (New York Digital Investment Group). NYDIG is a crypto-native financial company, offering institutional custody, trading and research. MassMutual actually used NYDIG when they chose to allocate $100 million into Bitcoin in late 2020.

The shareholder letter by the Founder and CEO of Stone Ridge, Ross Stevens, does a great job laying out the fundamental and historical view for bitcoin. It covers everything from the concept of sound money, importance of bitcoin in the context of money, bitcoin’s ability to catalyse development of clean energy on a massive scale and, of course, what the future might hold.