Thrive Capital disclosed that it owned a sizable position in Amazon.com Inc.
(NASDAQ:AMZN), putting the stake at roughly $215 million.
The holding signals the venture firm’s continued push to add big public tech names alongside its long-running bets in fast-growing software and AI.
A regulatory filing showed the firm held 904,038 Amazon shares valued at $215.5 million as of June 30, Reuters reported.
Amazon’s valuation crossed the $3 trillion mark for the first time earlier in August, according to Reuters, after investors responded to strong earnings and indications that the company’s AI spending was helping lift demand for its cloud business.
