Billionaire and Holocaust survivor George Soros had exposure to Bitcoin (BTC) through MicroStrategy in Q1 of 2024, with approximately $250 million worth of assets. It is likely that Soros made profitable investments due to MicroStrategy's stock rally, although he missed out on even greater gains by selling in Q2. MicroStrategy shares have seen a 408.79% increase year-to-date and reached an all-time high in 24 years. It is unknown why Soros cleared his MSTR stock position, but it may have been a precautionary move. Despite concerns about BTC exchange-traded funds rendering MicroStrategy redundant, the company remained a major player in the digital assets sector. Bitcoin, on the other hand, has seen a 97.78% increase in 2024.
- Content Editor ( finbold.com )
- 2024-11-12
Here's how much George Soros lost on his Bitcoin bet by selling MSTR stock early