Here’s how much George Soros lost on his Bitcoin bet by selling MSTR stock early
Best known for his bets against the British pound and the Thai baht and for having a wide array of conspiracy theories linked to his name, the billionaire and Holocaust survivor George Soros has had multiple run-ins with cryptocurrencies – and Bitcoin (BTC) in particular – in recent years. As recently as the first quarter (Q1) of 2024, the Hungarian-born investor had substantial exposure to BTC through MicroStrategy (NASDAQ: MSTR). Specifically, Soros had approximately $250 million worth of MSTR assets, most likely stemming from the company’s two offerings in March. While it is difficult to gauge the exact investment mechanisms used – particularly due to the put and call options present in the final trimester of 2023 – it is almost guaranteed that the billionaire was in the green on the overall bet thanks to MSTR stock’s remarkable rally at the start of 2024, and that he missed out on even greater gains by selling sometime in Q2 of 2024. ...