Paul Tudor Jones Grows Bitcoin Wallet 400% to $159.9 Million

Billionaire investor Paul Tudor Jones has dramatically increased his stake in Bitcoin-related financial instruments.

According to a Nov. 14 filing with the Securities and Exchange Commission (SEC), the 70-year-old owned $159.9 million in BlackRock’s IBIT stock as of Sept. 30 through his company, Tudor Investment Group.

It marked a staggering 400% increase from the 869,565 shares the company reported in its second-quarter filing on June 30.

Bitcoin’s prominent role in Tudor’s portfolio

Tudor’s latest 13F filing revealed the billionaire now owns 4,428,230 shares of IBIT, which industry analysts MacroScope said put BTC as the third-largest non-options holding in his portfolio expansive

With an estimated net worth of $8.1 billion, the 70-year-old’s investment interests include allocations to the SPDR S&P 500 ETF Trust ( SPY ), valued at $208 million, and $166 million in Nvidia stock (NVDA).

However, given Tudor’s strong increase in Bitcoin distribution, MacroScope suggests that the cryptocurrency could now be the “largest non-reportable options position” in its portfolio, surpassing even the SPY and NVDA allocations.

The rally also coincided with BTC’s relatively stable trading period during the summer months. Analysts noted that during this particular trading phase, major market players were actively buying Bitcoin and there was every likelihood that Tudor was one of them.

MacroScope also highlighted the importance of the presentation, noting that hedge funds and asset managers tend to closely monitor Jones’ investment moves because of his track record of timely and strategic market decisions.

His company’s addition of $159.9 million in BTC-related shares reinforces a growing trend of respected investors embracing the number one cryptocurrency as a viable part of their diversified portfolio.

Recently, CryptoPotato reported that Wall Street giant Goldman Sachs had increased its digital asset position to more than $700 million, invested in several spot Bitcoin ETFs.

Long Term Bitcoin Bull

Jones is no stranger to BTC. The hedge fund veteran has previously expressed his commitment to cryptocurrency.

In May 2023, he explained his preference for the asset, stating that he would maintain a “small” exposure to it as he liked it to have a fixed supply.

“It’s the only thing that humans can’t adjust the supply, so I stick with it,” he told CNBC.

In October 2024, he endorsed BTC even more, telling the same station that he was bullish on the currency, as well as gold and commodities, which he described as “ridiculously under-owned.”

Their expanded position could help set a precedent for other hedge funds and investment firms that may have been on the fence about crypto. Some believe that a 400% increase in holdings in one quarter not only indicates a change in portfolio allocation, but also solid support for Bitcoin’s potential.

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!