Chamath Palihapitiya says he spent $1.6 million of bitcoin on some land in 2014. Those coins would be worth more than $120 million today.

Does chamath own bitcoin?

Chamath Palihapitiya, the outspoken CEO of Silicon Valley fund Social Capital, recently disclosed that his investment firm has owned bitcoin since 2013. While there are thousands of different cryptocurrencies out there, Chamath has been the most vocal about his support of bitcoin in particular.

Who bought 500 million bitcoin?

Coinbase will buy $500 million in crypto on its balance sheet and allocate 10% of its quarterly profits into a crypto assets portfolio, company executives announced late Thursday.