The publicly listed company said it already holds bitcoin.
The investment is the first foray into Asia's crypto finance industry for Zoo, BAI Capital and Tiger Global Management.
The Swiss bank exploring “several alternatives” for offering crypto, according to people familiar with the plan.
Cryptocurrency was beaten as the top investors' choice by stocks, but only by 3%.
The original founder of WSB is launching a blockchain app featuring exchange-traded portfolios decided by community consensus.
Bitcoin prices fell 14% during the seven days through April 23, while ether rose 18%..
The deal is part of Overstock’s plan to exit its blockchain-related investments.
Investor appetite for digital asset investment products increased last week, with strong interest in XRP.
The KiwiSaver Growth Strategy Fund, which had NZ$350 million (US$244 million) in assets at the end of December, began investing in crypto last October.
The news comes a month after the raising of $120 million in a round led by Google Ventures. In that round the company was valued at $3 billion.
Crypto fund flows are slowing, which could suggest investor uncertainty about BTC's price.
The firm bought 0.4 bitcoin and plans to buy more every month.
The Wall Street firm sees signs of maturation especially given its resiliency since the height of the pandemic.
The software company now has $50.4 million in ether and $39.5 million in bitcoin.
Two of the funds are from Galaxy Digital and the other is joint effort by FS Investments and NYDIG, according to CNBC.