Druckenmiller Bets Big on Bitcoin Miners

Stanley Druckenmiller's family office made a significant investment in Bitcoin mining stocks worth $125.6 million last quarter.

The investment is notable given Druckenmiller's history of successful investing, having gone over 30 years without a loss and boasting an average annual return of 30%.

Druckenmiller's decision to invest in Bitcoin mining stocks comes after he previously stated that he owned no Bitcoin but thought he should have some.

The investment is through the companies Bitdeer Technologies, Hut 8, Riot Platforms, and IREN, with a total value of roughly 2.4% of a $5.21 billion portfolio.