Overstock, which supported Bitcoin, bought the George Soros Foundation

According to information published by CNBC on Thursday, 15 February, George Soros investment fund became the third largest shareholder of retailer Overstock, who always had a positive opinion on crypto-currencies.

According to a statement from the Securities and Exchange Commission (SEC), published by CNBC on Thursday, Soros Fund Management bought 2 472 188 shares of Overstock by the end of the fourth quarter of 2017.

Patrick Byrne's Internet platform was the first major corporation to accept Bitcoin for payments in 2014.

At the same time, Soros, who publicly stated his view of the crypto currency as a "typical bubble", protects Blockchain technology. He dropped Facebook and Google shares, warning of threats to the "monopoly" of American Internet giants, CNBC reported.

The news about Soros's purchase this week, meanwhile, is taking place against the background of the similar approach of Berkshire Hathaway, although quite different in tone. Vice President of the company Charles Manger said that he considers "disgusting" any relations with the crypto-currencies.

Author: Olga Novikova, Analyst Freedman Club Crypto News
Image from Fotolia

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