In a press release this week, the company announced that NYDIG's Bitcoin holdings hit their all-time high during the third quarter of 2022. This rise marks a 100% YoY growth in the BTC balances. The company's revenue also increased by 130% through the second quarter, with further growth expected by the close of the book in Q3.
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NYDIG raises $720m for Institutional Bitcoin Fund as BTC balance rises 100% YoY in Q3
In the same press release, NYDIG also iterated on its plans going forward, stating the focus will be on, "...accelerating NYDIG's investment in its industry-leading Mining Solutions franchise serving the largest North American miners and in its platform technology business, helping banks and non-bank enterprises utilize the Lightning Network for next-generation wallets and global payments."
