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

Cointelegraph

Published Jun 07, 2021 12:52AM ET

Updated Jun 07, 2021 03:00AM ET

Asset manager Ruffer has profited by more than $1 billion in profit from a $600 million Bitcoin investment it made during November 2020.

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:

Continue Reading on Coin Telegraph