Pension fund for Texas firefighters reportedly allocates $25M to Bitcoin and Ether -Breaking
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© Reuters Houston’s firefighters pension fund has allocated part its $4 billion portfolio to crypto.
A Thursday Bloomberg report states that the Houston Firefighters Relief Fund and Retirement Fund are being dissolved. UsedThe New York Digital Investment Group (NYDIG) will execute the $25 million purchase inBTCEther (ETHThis is a. Public records through the Texas comptroller’s office Please showThe pension fund had more than $4.1 Billion in net assets at June 2020. This means that the group has allocated 0.6% of its portfolio to digital assets.
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