Investor Who Went 30 Years Without a Loss Just Bet $125 Million on Bitcoin

Stanley Druckenmiller’s family office put $125.6 million into Bitcoin mining stocks last quarter. It sold out of major American AI chip stocks like Broadcom, Intel, and Micron Technology to make room for BTC.

Druckenmiller is famous for investing without a single year of loss for more than 30 years straight. His average annual return is 30%.  During the 1992 currency crisis, he helped George Soros make about $1 billion betting against the British pound.

That’s why Wall Street still watches what Druckenmiller buys.

Understanding Druckenmiller’s $125 Million Bitcoin Bet

Duquesne Family Office listed the four new stakes on August 14. The disclosure came in a Form 13F, the quarterly report big investors must file with regulators. It shows what he held on June 30.

Bitdeer Technologies was the largest at $64.7 million. Hut 8 followed at $36.3 million, then Riot Platforms at $20.7 million and IREN at $4 million.

The total is small, at roughly 2.4% of a $5.21 billion portfolio.

It still marks a change of mind. In October 2023, Druckenmiller said he owned no Bitcoin, adding that he probably should. He had held it earlier and sold. He is back now, but sideways, through the miners.

Why Miners, Not Bitcoin