Paul Tudor Jones Reports Increasing His Bitcoin Holdings

Hedge fund manager Paul Tudor Jones’s fund increased its iShares Bitcoin (IBIT) holdings by 409% compared to June 30. 

According to a recent SEC filing, the fund reported owning $159.9 million of iShares Bitcoin (4,428,230 shares) as of September 30.

Microscope, a news and analytics provider focused on institutional trading reports says Bitcoin is likely Tudor’s largest reportable non-options position, considering the asset’s price increase since September. 

At the time of filing, it was the third coming after  SPY – SPDR S&P 500 ETF Trust  ($208 million) and NVDA ($166 million).

The Bitcoin price has increased from around $58,000 in September to $91,900 as of November 18, 2024. This surge was largely affected by Donald Trump’s victory in elections held on November 5.

Prior to that, Paul Tudor said in an interview with CNBC that he prefers to invest in Bitcoin and gold. He predicted that regardless of election results, inflation rates in the US would increase, which means alternative investments would be preferred over fixed income. 

Alternatives like Bitcoin and commodities are often seen as hedges against inflation, offering a store of value when fiat currencies lose purchasing power. Unlike fixed-income assets, which are sensitive to rising interest rates, alternatives can grow in volatile or inflationary environments, making them attractive to investors.