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 company holds over 4.4 million shares in BlackRock's iShares Bitcoin Trust ETF as of September 30, 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 value of the holdings was approximately $160 million. By the end of September, this investment had increased to about $230 million. This surge reflects the company's additional share purchases and Bitcoin's strong price momentum.
Paul Tudor Jones has always advocated for Bitcoin as a key hedge against inflation. The increase in his company's stake in BlackRock's Bitcoin ETF reflects a growing belief in Bitcoin's long-term value. This move aligns with Jones's previous statements emphasizing Bitcoin's role in asset protection during economic instability.
"Billionaire hedge fund manager Paul Tudor Jones: All roads lead to inflation... I am investing in gold, I am investing in Bitcoin, I am investing in commodities," crypto influencer Michael Burry said on X.
BlackRock, the world's largest asset management company, continues to drive institutional acceptance of cryptocurrency. Their iShares Bitcoin Trust ETF provides investors with a familiar and regulated product to access Bitcoin.
Institutional Interest Is Rising
Tudor's investment appeared as optimism around the approval of spot Bitcoin ETFs in the United States increased. These ETF funds, including BlackRock's pending application, promise to provide easier access to Bitcoin for traditional investors. If approved, they could open up opportunities for increased institutional participation.
"MicroStrategy has purchased an additional 51,780 Bitcoin #Bitcoin Do you understand how crazy this is? MSTR has bought more Bitcoin than Germany has in total at the beginning of this year. @saylor will push Bitcoin to $100K just by his own means," said Rajat Soni on X.
Other institutional investors are also seeking opportunities. Just on November 18, MARA Holdings announced $700 million in convertible notes to support their Bitcoin reserves, and mining company MicroStrategy purchased $4.6 billion in BTC. There are also reports that crypto cash flows surged to nearly $2.2 billion last week.
By quadrupling its stake in BlackRock's iShares Bitcoin Trust ETF, Tudor Investment Corporation has reinforced its position in the cryptocurrency market. As regulatory clarity improves and acceptance grows, investments like this could signal the next major step in bridging traditional finance and digital assets.
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