Skip to content
Subscriber Only
Wealth
Crypto

Houston Pension Buys Crypto, an Asset ‘We Could Not Ignore’

  • Fund makes initial investment of $25 million in Bitcoin, Ether
  • Public pensions have been wary of cryptocurrency investing
    
Photographer: Manuel Medir/Getty Images
Updated on
From

The pension fund for Houston’s firefighters is tip-toeing into cryptocurrency investing. 

The Houston Firefighters’ Relief and Retirement Fund, which has $5.5 billion of assets, said it invested $25 million in Bitcoin and Ether through NYDIG, a Bitcoin-focused subsidiary of asset manager Stone Ridge.