All Articles
Bitcoin Mining

Stanley Druckenmiller Is Doubling Down On Bitcoin Mining

November 15, 2024
2 min read
Stanley Druckenmiller Terawulf investment
Mentioned:
WULF
-12.10
%
-12.10
%
-12.10
%
No items found.
No items found.

One of the best investors in the history of Wall Street is doubling down on a publicly traded Bitcoin miner.

What’s happening:

  • Legendary billionaire investor and former Wall Street hedge fund manager Stanley Druckenmiller’s family office Duquesne has increased their equity position in Bitcoin miner TeraWulf (NASDAQ: WULF) according to new filings made with the United States Securities and Exchange Commission

By the numbers:

  • Duquesne purchased an additional 854,000 shares of TeraWulf on the open market according to the new filings
  • This grew Duquesne’s overall position by approximately 40% and they now hold a total of 2.94M shares of TeraWulf
  • Duquesne's first purchase of TeraWulf was for roughly 2 million shares at an average cost basis of $4.45 USD per share

Why it matters:

  • Bitcoin has continued to hit fresh all time highs amidst surging demand from large institutions and spot Bitcoin ETFs, as well as experiencing a dramatic positive shift in the sentiment of what the future of digital assets will look like following the recent outcome of the presidential election in the United States of America

Going deeper:

The intrigue:

Discover the world's most disruptive early stage companies with 40,000+ investors.

The markets and trends that matter, made simple.

Join top talent at the world's most respected institutions, companies, and venture capital funds.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.