{"id":34985,"date":"2021-01-19T12:50:57","date_gmt":"2021-01-19T10:50:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34985"},"modified":"2025-08-28T23:12:52","modified_gmt":"2025-08-28T20:12:52","slug":"ruffer-investment-bitcoin-at-the-dawn-of-institutional-adoption","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ruffer-investment-bitcoin-at-the-dawn-of-institutional-adoption\/","title":{"rendered":"Ruffer Investment: Bitcoin at the Dawn of Institutional Adoption"},"content":{"rendered":"<p>British investment company Ruffer Investment, having invested <a href=\"https:\/\/u1f987.com\/en\/news\/ruffer-investment-confirms-bitcoin-purchase-worth-744-million\">around $744 million in bitcoin<\/a>, expects growth in institutional adoption of the first cryptocurrency. This is stated in a review dated the end of 2020.<\/p>\n<p><!--more--><\/p>\n<p>Analysts noted that Ruffer had experience using \u201cunconventional hedging methods.\u201d The company considered digital gold precisely in this capacity.<\/p>\n<blockquote>\n<p>\u201cWe think we are at a relatively early stage, at the foot of a long process of institutional adoption of bitcoin and its development as a financial instrument,\u201d the document says.<\/p>\n<\/blockquote>\n<p>In December 2020 the company confirmed that its position in the cryptocurrency accounted for 2.7% of assets under management.<\/p>\n<blockquote>\n<p>\u201cIf we are wrong and bitcoin loses value, we will lose money \u2014 that explains why we hold a comparatively small, though fairly notable, position,\u201d analysts noted.<\/p>\n<\/blockquote>\n<p>In addition to direct purchases of bitcoins, the British company invested in organisations with assets in the first cryptocurrency. Ruffer owns shares worth \u00a31.14 million (~$1.5 million) of the Nasdaq-listed software provider MicroStrategy \u2014 in 2020 the firm purchased a total of 70,470 BTC for $1.12 billion.<\/p>\n<p>Also the company invested \u00a32.17 million (~$2.9 million) in the crypto bank Galaxy Digital headed by Mike Novogratz.<\/p>\n<div id=\\\"attachment_122433\\\" style=\\\"width: 620px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-122433\\\" class=\\\"size-full wp-image-122433\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot-16.png\\\" alt=\\\"Ruffer Investment: Bitcoin at the start of institutional adoption\\\" width=\\\"610\\\" height=\\\"106\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot-16.png 610w, https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot-16-300x52.png 300w\\\" sizes=\\\"auto, (max-width: 610px) 100vw, 610px\\\" \/><\/p>\n<p id=\\\"caption-attachment-122433\\\" class=\\\"wp-caption-text\\\">Ruffer Investment portfolio. Data: Ruffer Investment.<\/p>\n<\/div>\n<p style=\\\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\\\"><a style=\\\"text-decoration: underline;\\\" title=\\\"View 9292L_1-2021-1-15 on Scribd\\\" href=\\\"https:\/\/www.scribd.com\/document\/491225625\/9292L-1-2021-1-15#from_embed\\\">9292L_1-2021-1-15<\/a> by <a style=\\\"text-decoration: underline;\\\" title=\\\"View ForkLog's profile on Scribd\\\" href=\\\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\\\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\\\"lazy\\\" id=\\\"doc_19271\\\" class=\\\"scribd_iframe_embed\\\" title=\\\"9292L_1-2021-1-15\\\" src=\\\"https:\/\/ru.scribd.com\/embeds\/491225625\/content?start_page=1&amp;view_mode=scroll&amp;access_key=key-cJ2Kylan7Vm7dtLQTkEP\\\" width=\\\"100%\\\" height=\\\"600\\\" frameborder=\\\"0\\\" scrolling=\\\"no\\\" data-auto-height=\\\"false\\\" data-aspect-ratio=\\\"0.7080062794348508\\\"><\/iframe><\/p>\n<p>In 2020, institutional investors <a href=\"https:\/\/u1f987.com\/en\/news\/institutions-bought-more-than-1-million-btc-worth-about-40-billion-at-current-prices\">acquired more than 1 million BTC<\/a> \u2014 5.57% of the cryptocurrency&#8217;s market supply.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British investment company Ruffer Investment, having invested around $744 million in bitcoin, expects growth in institutional adoption of the first cryptocurrency. This is stated in a review dated the end of 2020.<\/p>\n","protected":false},"author":1,"featured_media":34986,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1156,52,2067],"class_list":["post-34985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-institutional-investors-and-whales","tag-investments","tag-ruffer-investment"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34985"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34985\/revisions"}],"predecessor-version":[{"id":34987,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34985\/revisions\/34987"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34986"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}