December 16, 2020 Ruffer Investment confirms $744M BTC purchase

Ruffer Investment confirmed today that, to date, it has purchased 45,000 BTC, worth roughly $744M at the time of writing. These holdings account for 2.5% of the firm’s multi-strategy fund. The move is intended to “act as a hedge [against] a fragile monetary system and distorted financial markets,” according to a statement released by Ruffer.