Stanley Druckenmiller's family office invested $125.6 million in Bitcoin mining stocks last quarter. The family office sold out of Broadcom, Intel, and Micron Technology positions to fund the purchases. Duquesne Family Office listed the positions on August 14 in a Form 13F. The filing showed holdings as of June 30. Bitdeer Technologies was the largest position at $64.7 million. Hut 8 was valued at $36.3 million. Riot Platforms was valued at $20.7 million. IREN was valued at $4 million. The positions represented roughly 2.4% of a $5.21 billion portfolio. Druckenmiller previously said in October 2023 that he owned no Bitcoin. He also said he probably should own it. Druckenmiller had held Bitcoin earlier and sold it. Druckenmiller is known for having no single year of losses for more than 30 years. His average annual return is 30%. During the 1992 currency crisis, Druckenmiller helped George Soros make about $1 billion by betting against the British pound. The purchases targeted mining companies rather than Bitcoin itself or spot funds. Bitdeer mined 2,694 BTC last quarter. Bitdeer also signed a $4.7 billion, 16-year lease with Volta. The lease covers a Norwegian site running Nvidia chips for an AI lab. Riot Platforms is pursuing a similar data center strategy. Druckenmiller also increased Taiwan Semiconductor to $281.6 million from $167.4 million. The family office opened stakes in Advanced Micro Devices, Lam Research, Equinix, and Alphabet. Bitdeer shares fell 25.5% since June 30. Hut 8 shares fell 24.4%. Riot Platforms shares fell 24.3%. IREN shares fell 10%. The same share counts were worth about $94.9 million at the time of writing. The positions therefore showed a paper loss of about $30.7 million. Bitcoin climbed roughly 33% since late June. Bitcoin rose from about $58,600 to levels above $81,000 as of the writing. MARA and CleanSpark posted quarterly mining losses in August. The same squeeze affected the mining sector. A Form 13F is a snapshot rather than a live account of holdings. Druckenmiller may have bought more or sold out since June 30. His next filing lands in November.
Druckenmiller Family Office Invests $125.6M in Bitcoin Miners
NS3Share
Summary
Bitcoin breaking news: Stanley Druckenmiller’s family office added $125.6 million in Bitcoin miners during Q2 2026. The portfolio included $64.7 million in Bitdeer, $36.3 million in Hut 8, and $20.7 million in Riot Platforms. The funds came from selling shares in Broadcom, Intel, and Micron. The stakes, revealed in an August 14 Form 13F filing, made up 2.4% of a $5.21 billion portfolio. Druckenmiller had said in October 2023 he owned no Bitcoin. The miner bets have dropped in value, showing a $30.7 million paper loss. Bitcoin news: BTC rose 33% from $58,600 to over $81,000 during the same period.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.