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British Ruffer Investment Company has invested in Bitcoin more than 15 Million

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British Ruffer Investment Company

British Ruffer Investment Company has invested in Bitcoin more than 15 Million

British Ruffer Investment Company

British Ruffer Investment Company has allocated 2.5% of its Bitcoin portfolio as insurance “against the devaluation of world currencies.” It is stated in the address to shareholders.

Ruffer noted that the first cryptocurrency is diversifying investments in gold and inflation-linked bonds. The wording in the statement indicates that the funds were allocated from a separate fund, but the company did not give clarifications.

“Our recent addition, thanks to one of the managing specialists at the Ruffer Multi-Strategies Fund, became Bitcoin,” – Ruffer said.

When deciding to buy a cryptocurrency, the company was guided by two requirements: not to lose funds over the next year and to increase the value of clients’ assets in the long term.

“First of all, this is a protective measure. The share of bitcoin is currently equivalent to about 2.5% of the portfolio, ”- representatives of the firm said.

The company manages £ 20.3 billion in assets (~ $ 27.3 billion at the time of writing). Ruffer has a market cap of £ 445.6 million (~ $ 600 million) and a net worth of £ 461.1 million (~ $ 620 million). This means that Ruffer has allocated about $ 15.5 million to buy bitcoin.

British Ruffer Investment CompanyData: Ruffer Investment Company Limited.

Earlier, the insurance company MassMutual from the United States, which manages assets for $ 235 billion, invested in bitcoin $ 100 million.

Recall analysts at JPMorgan Chase & Co. suggested that pension funds and large investors would follow the example of the American firm. This could bring up to $ 600 billion in Bitcoin.

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