However, it’s not the first publicly traded company in Germany that’s put its money in Bitcoin. Bitcoin Group SE, which is also traded on Xetra, invested in Bitcoin in the past and increased its crypto holdings to €100 million ($120.6 million) in January 2021.

Earlier this month, London-based asset manager Ruffer Investment announced the company made more than $750 million from its last year’s Bitcoin investment. Having sold some of its gains, it kept onto the remaining $700 million—which is likely above $1 billion now, due to Bitcoin’s recent price surge.

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