Paul Tudor Jones, a well-known billionaire and hedge fund manager, has significantly increased his investment in one of the most sought-after exchange-traded funds (ETFs) on the market.
Recent filings with the U.S. Securities and Exchange Commission (SEC) indicate that Jones has nearly doubled his holdings in BlackRock’s Bitcoin ETF. His firm, Tudor Investment Corporation, now owns over 8 million shares, up from around 4.4 million previously.
With aggressive purchases over the past two quarters, the firm’s total investment in BlackRock’s iShares Bitcoin Trust (IBIT) has reached approximately $445 million.
Jones has long been vocal about his support for Bitcoin, previously highlighting it as a safeguard against inflation and government mismanagement of fiscal policies.
He has expressed confidence in assets like gold and Bitcoin, believing that inflation is inevitable and that commodities remain vastly underrepresented in investment portfolios.
Currently, BlackRock’s IBIT fund holds 583,122 BTC on behalf of its investors, with a total valuation of $56.86 billion as of the latest update.
Bitcoin mining has undergone a notable shift over the past decade, moving away from hydrocarbon fuels and adopting more sustainable energy practices.
In a recent live address, U.S. President Donald Trump declared that a new base tariff of 10% would be applied universally to all countries.
Metaplanet, a Tokyo-based investment firm, has continued its aggressive push into Bitcoin by acquiring an additional 160 BTC for approximately $13.3 million.
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