Chainalysis adds bitcoin to its balance sheet with Nydig

Chainalysis adds bitcoin to its balance sheet with Nydig






Source: Chainalysis







Chainalysis, the blockchain data platform, today announced it is expanding its long-standing partnership with NYDIG, a leading technology and financial services firm, to execute a purchase of Bitcoin for the firm’s balance sheet.








NYDIG played a critical role in enabling Chainalysis to buy and custody Bitcoin, a move that demonstrates Chainalysis’ long-term investment strategy in the cryptocurrency space. Chainalysis has been NYDIG’s compliance technology partner since 2018.

“Our expanding partnership with Chainalysis is a mutually beneficial relationship,” said Patrick Sells, NYDIG Chief Innovation Officer. “Chainalysis has long been building trust in the cryptocurrency ecosystem, and this investment shows their belief that digital assets are a sound investment for the future. We are happy that they trusted our platform to facilitate and carry out their transaction.”

Cryptocurrency such as Bitcoin, Ethereum, Stablecoins and others have emerged as an alternative asset class for consumers, enterprises, governments, banks and financial institutions. Guided by strong confidence in Bitcoin, as