Cryptocurrency News: George Soros Makes Divine Investment in Bitcoin (BTC)

  • George Soros, a billionaire investor, disclosed the current state of his portfolio for the first quarter of the year.
  • According to Fintel data, Soros Fund Management, LLC, holds a $6 billion investment basket consisting of a total of 193 positions.
  • Some of the largest positions in the company managed by George Soros include Invesco QQQ Trust, Series 1 (US:QQQ), Alphabet Inc. (US:GOOGL), iShares Trust – iShares iBoxx $ High Yield Corporate Bond ETF (US:HYG), AerCap Holdings N.V. (US:AER), and Cloudflare, Inc. (US:NET).

George Soros Fund Management LLC made a new move by adding MicroStrategy, Inc. (MSTR) to its basket. These shares, representing 2.23% of the portfolio, amount to a total of $159 million.

MicroStrategy started strategically investing in Bitcoin in August 2020, and the company’s shares have appreciated by over 460% in the past year. The company holds a reserve of 214,400 Bitcoins.

Conclusion

George Soros’ recent investment decisions, particularly the addition of MicroStrategy to the portfolio, reflect a strategic move towards embracing digital assets like Bitcoin. This significant shift in investment strategy could influence the broader market sentiment towards cryptocurrency investments in the coming months.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

US Senate to Finalize Bitcoin Market Structure Bill by September 30th, Says Tim Scott

COINOTAG News reports that on June 27th, US Senate...

Bitcoin Futures Open Interest Hits 687,990 BTC with CME Leading at $17.49 Billion

According to the latest data from Coinglass, the total...

US Government Plans Strategic Bitcoin Reserve and May Disclose BTC Holdings, Confirms Digital Asset Advisor

White House Digital Asset Policy Advisor Bo Hines recently...

Zerion Expands Portfolio Tracking to Include Solana Blockchain Addresses

Zerion, a leading Web3 wallet, has expanded its portfolio...

Bitwise Submits Amended Dogecoin ETF Filing, Signaling Progress with SEC Approval

COINOTAG News reported on June 26th that Bloomberg’s Senior...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img