{"id":35809,"date":"2021-02-03T18:05:02","date_gmt":"2021-02-03T16:05:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35809"},"modified":"2025-08-29T03:05:45","modified_gmt":"2025-08-29T00:05:45","slug":"ruffer-investment-trims-bitcoin-stake-after-100-gain","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ruffer-investment-trims-bitcoin-stake-after-100-gain\/","title":{"rendered":"Ruffer Investment trims bitcoin stake after 100% gain"},"content":{"rendered":"

A British investment company, Ruffer Investment, liquidated part of its bitcoin position after a doubling in the asset’s price. The Telegraph<\/a>.<\/p>\n

<\/p>\n

Chief investment officer Duncan MacInnes said the firm did not expect such a rapid payoff. He said Ruffer had exited $650m \u2014 nearly the entire amount invested in November.<\/p>\n

With Bitcoin’s price rise, the firm still held about $700m in bitcoin. Assets have since risen to more than $750m in total, MacInnes said.<\/p>\n

Ruffer holds \u00a31.14m (~$1.5m) of MicroStrategy stock, the Nasdaq-listed software provider. The company has also invested \u00a32.17m (~$2.9m) in Galaxy Digital, the crypto bank led by Mike Novogratz.<\/p>\n

In December 2020, the British firm with assets of about $27 billion confirmed its investment<\/a> in the first cryptocurrency worth \u00a3550m (~$743.7m). Its bitcoin position accounted for 2.7% of assets under management.<\/p>\n

As noted in the end-2020 review, Ruffer Investment suggested that Bitcoin is<\/a> at the beginning of a lengthy process of institutional adoption.<\/p>\n

Subscribe to ForkLog news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

British investment company Ruffer Investment liquidated part of its bitcoin position after a doubling in the asset’s price. The Telegraph reports.<\/p>\n","protected":false},"author":1,"featured_media":35810,"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":[52,2067],"class_list":["post-35809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-ruffer-investment"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35809","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=35809"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35809\/revisions"}],"predecessor-version":[{"id":35811,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35809\/revisions\/35811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35810"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}