Soros Fund Management Increases Exposure to Crypto Firms

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Today’s Cryptocurrency Headline

Soros Fund Management, the fund of billionaire George Soros, increased its exposure to some crypto companies late last year. According to a 13F filing with the US Securities and Exchange Commission (SEC) on Dec. 31, the fund bought $39.6 million worth of convertible bonds from crypto miner Marathon Digital Holdings. At the same time, the fund also owns calls and puts on 50,000 shares of MicroStrategy stock and nearly $200 million in MicroStrategy preferred stock. In addition, the fund also has put options on 100,000 shares of Sbankergate .

BingX’s Bitcoin Chart

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According to the US Bureau of Labor Statistics, the Consumer Price Index (CPI) declined to 6.4% on a yearly basis in January from 6.5% in December. This reading came in higher than the market expectation of 6.2%. Bitcoin is up 1.6% over the last 24 hours and rose to an intraday high of $22,333.33. The largest cryptocurrency rebounded from recent losses in today’s session, and the price rose above the $22,000 price level. If the bulls push the price above the 20-day exponential moving average ( $22,243), the BTC/USDT pair could rally to $23,500.

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