Paul Tudor Jones Expands His Bitcoin Bet, Making It the Third-Largest Non-Options Position in His Portfolio

Billionaire hedge fund manager Paul Tudor Jones has significantly expanded his stake in Bitcoin BTC/USD-linked financial instruments, highlighting his continued confidence in the cryptocurrency's potential.

Billionaire hedge fund manager Paul Tudor Jones is known for his sharp investment acumen, and his latest move has sparked interest in the crypto world. According to a recent SEC filing, Tudor's hedge fund, Tudor Investment Group, has massively increased its stake in Bitcoin BTC/USD-linked financial instruments.

As of Sep. 30, Tudor Investment Group held a total of $159.9 million in BlackRock's iShares Bitcoin Trust (IBIT) shares, which are linked to the performance of Bitcoin. This is a significant increase from the 869,565 shares reported in the firm's Q2 filing on Jun. 30, which were valued at around $40 million at the time.

Specifically, the filing shows that Tudor's hedge fund increased its IBIT holdings by 4,428,230 shares over the April to June quarter. Based on IBIT's closing price on Sep. 30 of $36.11, Tudor's total IBIT holdings were valued at $159.9 million as of the last trading day of the third quarter.

This latest allocation is part of a broader trend of institutional investors increasingly recognizing Bitcoin as a viable and essential component of diversified portfolios.

Paul Tudor Jones has also been consistently highlighting Bitcoin throughout his career. In May 2023, he discussed Bitcoin's fixed supply as a unique attribute, stating, "It's the only thing left that humans can't adjust the supply in, so I'm sticking with it."

More recently, in October 2024, he expressed his bullishness on Bitcoin, along with gold and commodities, calling them "ridiculously under-owned."

His expanded position could inspire other hedge funds and institutional players to follow suit, further solidifying Bitcoin's role in mainstream finance.