Analysts see the possibility of further selling pressure despite short-term relief.
"We did not expect immediate fireworks,” said a Ruffer executive.
Coinbase and One River Digital worked in tandem to execute U.K mega-manager Ruffer Investment's $745 million bitcoin purchase in November.
A recap of 5+ insanely bullish stories that got buried in the bitcoin price action.
One River Digital Asset Management already holds $600 million in bitcoin and ether.
Ruffer confirmed the size of its tremendous bitcoin investment in an email to CoinDesk.
Ruffer Investment Company sent a short update to shareholders on Tuesday notifying them of the company’s allocation to bitcoin.