Tudor Investment Corporation, led by renowned hedge fund manager Paul Tudor Jones, has significantly increased its Bitcoin reserves.
A recent 13F filing with the Securities and Exchange Commission (SEC) revealed the firm held over 4.4 million shares in BlackRock’s iShares Bitcoin Trust ETF as of September 30, 2024. This jump from the 869,565 shares it reported back in June to 4.4 million is substantial.
Tudor Investment Corp Increases Holdings by 400%
In June, the holdings were worth around $160 million. By September’s end, this investment had grown to approximately $230 million. The rise reflects the additional shares purchased by the firm and Bitcoin’s ongoing bull run.
Paul Tudor Jones has consistently advocated for Bitcoin as a critical hedge against inflation. Increasing his firm’s stake in BlackRock’s Bitcoin ETF demonstrates growing confidence in Bitcoin’s long-term value. This move aligns with Jones’ earlier statements highlighting Bitcoin’s role in protecting wealth during uncertain economic times.
“Billionaire hedge fund manager Paul Tudor Jones: All roads lead to inflation … I’m long gold, I’m long Bitcoin, I’m long commodities,” crypto influencer Michael Burry said on X.
BlackRock, the world’s largest asset manager, continues driving institutional acceptance of cryptocurrencies. Its iShares Bitcoin Trust ETF provides a way for investors to access Bitcoin through a familiar and regulated product.
Institutional Interest on the Rise
Tudor’s investment comes as optimism builds around spot Bitcoin ETFs gaining approval in the United States. These ETFs, including BlackRock’s pending application, promise easier access to Bitcoin for traditional investors. If approved, they could open the floodgates for even more institutional participation.
“Microstrategy bought another 51,780 #Bitcoin Do you understand how crazy this is? MSTR bought more Bitcoin than Germany had in TOTAL earlier this year. @saylor is going to push Bitcoin to $100K on his own,” said Rajat Soni on X.
Other institutional players are also on the prowl. On November 18 alone, MARA Holdings announced $700 million in convertible notes to fuel their Bitcoin reserve, and mining firm MicroStrategy purchased $4.6 billion in BTC. It was also reported that crypto inflows surged to almost $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.
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