A Silicon Valley fund manager holds bitcoin purchased seven years ago as it mulls being publicly traded. Palo Alto, Calif., investment firm Social Capital invested in bitcoin (BTC) in 2013, CEO Chamath Palihapitiya revealed Wednesday in an investment conference call. Bitcoin was trading between $13 and $1,200 in 2013 and today trades around $10,000, according to Coin Metrics data. Palihapitiya made the disclosure on a Sept. 16 call about Social Capital’s plans to list Opendoor on the New York Stock Exchange through Social Capital Hedosophia II, one of six special…
Chamath Palihapitiya’s Social Capital Holds Bitcoin From 2013 Amid Talk of Public Listing
