Houston Firefighters Pension Fund Makes Bitcoin, Ether Purchase

Posted on by American Coins & Gold

Houston Firefighters Pension Fund Makes Bitcoin, Ether Purchase
A pension fund for firefighters in Houston has made a purchase in bitcoin and ether facilitated by bitcoin investment firm NYDIG.The Houston Firefighters’ Relief and Retirement Fund’s (HFRRF) purchase marks the first time a public pension plan in the U.S. has announced an investment in digital assets, according to an announcement Thursday.The fund has invested $25 million in bitcoin and ether, though it has not disclosed how this is split between the two. The fund holds over $4 billion in total assets, according to Bloomberg. “I see this as another tool to manage my risk,” Bloomberg quoted Ajit Singh, the…