£3.8 billion investment trust acquires stake in crypto exchange Kraken

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RIT Capital Partners, a British investment trust managed by J. Rothschild Capital Management Limited, has acquired a stake in the cryptocurrency exchange Kraken.

Investors in the trust were told about the stake during a webinar hosted by Numis Securities in late March, according to a note published by the London-based broker and corporate adviser on April 12.

Ewan Lovett-Turner, a director at Numis, told The Block the note referred to “a secondary market purchase at what [RIT Capital] thought was attractive value.”source