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Stockreport

Why Cameron Winklevoss drives an 'old SUV' even though the twins are bitcoin billionaires [CNBC]

FACEBOOK (FB)  More Company Research Source: CNBC
Last facebook earnings: 4/25 04:05 pm Check Earnings Report
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PDF Investors Tyler and Cameron Winklevoss may be among the first bitcoin billionaires, but they don't act much like it. When the twins were awarded $65 million in cash and Facebook stock after a lengthy legal dispute with Mark Zuckerberg, they used their windfall to take a risk: They backed bitcoin , and the decision paid off. In April 2013, the Winklevoss twins together held $11 million in bitcoin priced at $120 a coin. That holding grew to be worth more than $1 billion in December 2017 as the price of one coin surpassed $11,700. That month, The New York Times reported the twins' bitcoin holdings were worth about $1.3 billion and that they held an additional $350 million in other cryptocurrencies like Ethereum. (December saw wild swings in the price of bitcoin, at one point topping $19,000 trading on the Coinbase exchange. Friday, Bitcoin was trading near $13,500, according to Coinbase. ) While other early cryptocurrency investors are splurging o [Read more]

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