Within 6 months, Ruffer's $600 million investment generated a net profit of $1.1 billion.
Last November, Ruffer invested $ 600 million in BTC. According to the investment director, the company posted a profit of $ 1.1 billion in April. He said:
When the price doubled, we took some profit in December and January. We actively managed the position and by the end of April had sold all of our BTCs for just over $ 1.1 billion in revenue.
16% of public companies that invested inBitcoin is now at a loss. These include Nexon, Meitu and Seetee. Top three public holders – MicroStrategy, Tesla and Square – can still lock in their investment in the black.
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Based on materialscointelegraph.com
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What to do with profit to be in the black?