Ruffer Investment confirms Bitcoin buy of $744M

posted about 1 month ago
U.K.-based Ruffer confirmed the size of its tremendous bitcoin investment from November. "Ruffer's exposure to bitcoin currently totals around £550m, equivalent to around 2.7% of the firm's assets under management," a spokesperson said.

The investment was "primarily a protective move for portfolios" to "act as a hedge" against "some of the risks that we see in a fragile monetary system and distorted financial markets."
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