Bitcoin

Billionaire Paul Tudor Jones Pours $445,000,000 Into Single Asset, New SEC Filings Show

Published

7 months ago

February 16, 2025

Billionaire Hedgefonds supervisor Paul Tudor Jones pours a whole bunch of hundreds of thousands of {dollars} in one of the vital in style ETFs available on the market.

New SEC information show Jones has virtually doubled the significance of his fund in BlackRock’s Bitcoin ETF, from 4,428,230 shares to eight,048,552 shares.

After enormous purchases within the final two quarters, Tudor Funding Company has now assigned round $ 445 million to the BlackRock Ishares Bitcoin Belief (IBIT).

On the finish of final 12 months, Jones praised Bitcoin as a hedge towards inflation and poor fiscal administration of the federal government.

“I believe all roads result in inflation. I’m lengthy gold, I’m a protracted bitcoin, I believe uncooked supplies are so ridiculous beneath possession. “

The BlackRock Ishares Bitcoin Belief (IBIT) presently manage 583.122 BTC on behalf of its prospects, price $ 56.86 billion on the time of publication.

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