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