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23 June 2021

London wealth manager cashes out $1B profit from $600M BTC buy in November

London wealth manager cashes out $1B profit from $600M BTC buy in November


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Speaking to The Times, investment director at the London-based asset management firm, Hamish Baillie, revealed that Ruffer closed out its Bitcoin position for more than $1.1 billion in profit during April:.

Ruffer is not the only large financial institution that has been dabbling in crypto, with data from Bitcointreasuries.org suggesting that 36 publicly traded companies currently hold BTC on their balance sheet

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