Tudor Investment Corporation, under the leadership of renowned hedge fund manager Paul Tudor Jones, has significantly increased its Bitcoin reserves.
A recent 13F filing with the U.S. Securities and Exchange Commission (SEC) revealed that the firm held more than 4.4 million shares in BlackRock’s iShares Bitcoin Trust ETF as of May 30. 9, 2024. This marks a significant jump from the 869,565 shares they reported in June to 4.4 million.
Tudor Investment Corp Increases Holdings by 400%
In June, the holdings were worth about $160 million. By the end of September, this investment had increased to about 230 million USD. This increase reflects the company’s additional stock purchases and Bitcoin’s strong price momentum.
Paul Tudor Jones has always advocated Bitcoin as an important hedge against inflation. Increase His company’s stake in BlackRock’s Bitcoin ETF represents growing confidence in the long-term value of Bitcoin. The move is in line with Jones’ previous statements, emphasizing Bitcoin’s role in protecting assets during times of economic uncertainty.
“Billionaire Hedge Fund Manager Paul Tudor Jones: All Roads Lead to Inflation… I’m Investing in Gold, I’m Investing in Bitcoin, I’m Investing in Commodities,” said the influencer in the crypto world Michael Burry speak on X.
BlackRock, the world’s largest asset manager, continues to drive institutional adoption of cryptocurrencies. Their iShares Bitcoin Trust ETF offers investors a way to access Bitcoin through a familiar and regulated product.
Institutional Interest Is Growing
Tudor’s investment comes as optimism surrounding the approval of spot Bitcoin ETFs in the United States increases. These ETFs, including BlackRock’s pending application, promise to provide an easier way to access Bitcoin for traditional investors. If approved, they could open the door for increased institutional participation.
“MicroStrategy Bought Another 51,780 Bitcoin #Bitcoin Do you understand how crazy this is? MSTR bought more Bitcoin than Germany had in total earlier this year. @saylor will push Bitcoin to 100K USD on his own,” speak Rajat Soni on X.
Other institutional investors are also looking for opportunities. Just on November 18, MARA Holdings announced $700 million in convertible notes to support their Bitcoin reserves, and mining firm MicroStrategy purchased $4.6 billion in BTC. It was also reported that crypto currency outflows spiked to nearly $2.2 billion last week.
By quadrupling its stake in BlackRock’s iShares Bitcoin Trust ETF, Tudor Investment Corporation has strengthened its position in the cryptocurrency market. As regulatory clarity improves and adoption grows, investments like these could signal the next big step in bridging traditional finance and digital assets.