According to reports, the Texas Firefighters’ pension fund allocated $25 million to Bitcoin and Ether

© Reuters

The Houston Firefighters Pension Fund has allocated part of its $4 billion investment portfolio to cryptocurrencies.

According to a Bloomberg report on Thursday, the Houston Firefighter Relief and Retirement Fund used New York Digital Investment Group (NYDIG) executed the purchase of 25 million US dollars (Bitcoin) And ether (Ethereum).Pass the public records of the Texas Comptroller’s Office exhibit As of June 2020, the total net assets held by pension funds exceed US$4.1 billion, which means that the group has allocated approximately 0.6% of its investment portfolio to digital assets.