News broke yesterday that British company Ruffer had invested $ 15 million in Bitcoin. According to coindesk, a clear figure came in from Ruffer today. According to this, the company invested 550 million pounds, i.e. $ 744.26 million, in Bitcoin in November.
The company’s investment in Bitcoin amounts to about 2.7% of its assets under management. At current exchange rates, the £ 550m is worth $ 744.26 m and roughly 45,000 BTC at November 2020 prices.
He said: “it’s a safeguard against some of the risks we’re seeing in a fragile monetary system and distorted financial markets.”