George Soros, billionaire investor and Bitcoin skeptic, recently changed his stance on the digital money. After he had previously compared bitcoin to a bubble like the Tulip Mania in the 1600s, it has now become public that his investment firm has exposure to bitcoin through other companies.
Soros previously criticized bitcoin and compared it to various historical bubbles. However, his views seem to have changed since then, and his investment firm now owns shares in companies invested in bitcoin.
In the summer of 2021 It was revealed that Soros Fund Management received permission from its Chief Investment Officer to trade bitcoin.
In April 2021, George Soros showed his support for bitcoin by investing in a $200 million funding round for NYDIG, a bitcoin financial technology company.
Recently, his investment firm increased its exposure to bitcoin by purchasing almost $9 million in convertible notes from the bitcoin miner company Marathon Digital Holdings. This was revealed in a 13F filing with the SEC in February 2023.
Previous reports showed that Soros Fund Management owned call and put options on 50,000 shares of MicroStrategy too.
While it is unknown whether Soros holds any private keys directly (or is even able to remember them), the newly revealed investments can give us hints about his overall position.
Has George Soros’ risk appetite and bullishness on bitcoin changed? Seeking exposure to bitcoin through a proxy suggests that this might be the case.
It’s unknown how much bitcoin Soros personally owns, but in a 2019 interview, Alex Jones claimed Soros had offered him $5 million worth of bitcoin, suggesting Soros owned at least 760 BTC at the time, worth around $23 million today.
Meanwhile, Soros’ billionaire buddy Warren Buffet is already invested indirectly with approximately 420 BTC, a new reports suggest.