According to CNBC, George Soros’s investment fund, a crypto money after buying a lot of shares from Overstock.com, which experienced significant increases in share prices.
Soros’s investment fund, Soros Fund Management, has become the third largest shareholder in the company, holding 2 million 402 thousand 188 Overstock shares at the end of the fourth quarter of 2017. The total value of these shares is about $ 150 million.
Overstock’s shares had risen by more than 200 percent after the company announced it would enter the cryptographic trading business in September of last year.
Patrick Byrne, general manager of Overstock, a major e-commerce company focused on home furnishings and clothes, Bitcoin As a payment method and a supporter of Blockchain technology.
Soros also sold the entire Facebook experience he had in his possession after he stamped the social media company as a “threat”.
Famous billionaires increased the number of shares in Twitter, while Netflix and Snap also bought shares.
‘A typical balloon’
Speaking at the World Economic Forum in Davos in January, Soros shared his ideas about crypto currencies, saying he might be willing to use Blockchain technology positively, but crypto currency is a typical balloon.