MICA Daily | Hedge pro Paul Tudor Jones significantly increased his BTC holdings, reaching a new high in positions

US billionaire investor and hedge fund pro Paul Tudor Jones called out in October that the US fiscal problem will drive up the price of BTC, and he has significantly increased his investment in BTC-related financial instruments.

According to the documents submitted to the SEC on November 14, as of September 30, his company Tudor Investment Group held 4,428,230 shares of BlackRock IBIT, an increase of 400% from the second quarter’s 869,565 shares.

The analysis indicates that BTC may now be the largest non-options holdings in Paul Tudor Jones’s investment portfolio, surpassing the $208 million SPDR S&P 500 ETF (SPY) and the $166 million NVIDIA (NVDA) shares. The increase occurred during the relatively stable summer period of BTC prices, when major market players generally increased their BTC holdings, and with the big pump of BTC before and after Trump’s victory, this investment has brought him substantial returns.

Paul Tudor Jones has always been a long-term supporter of Bitcoin. He expressed a preference for the asset in May last year, believing in its unique fixed supply characteristics, and publicly stated that he would hold a small amount of holdings. In October this year, he further supported BTC and was bullish on gold and commodities. Institutional investors have now caught on and are continuously increasing their BTC holdings.

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〈MICA Daily | Hedge pro Paul Tudor Jones significantly increases BTC holdings, reaching a new high in positions〉This article was first published in “Block Observer”.