Billionaire hedge fund manager makes surprising Bitcoin move

Billionaire hedge fund manager makes surprising Bitcoin move

Mon, August 17, 2026 at 9:50 PM GMT+3 2 min read

Billionaire investor Paul Tudor Jones' macro hedge fund Tudor Investment boosted its stake in BlackRock's iShares Bitcoin Trust ETF (Nasdaq: IBIT) last quarter after a year of selling.

Launched in January 2024, BlackRock's IBIT is the largest spot Bitcoin ETF in the U.S. It is the best-known Wall Street financial instrument for Bitcoin exposure.

Related: 'Rich Dad Poor Dad' author hails legendary futurist's radical predictions

As per the 13F filing with the U.S. Securities and Exchange Commission (SEC) on Aug. 14, the fund held 688,529 IBIT shares worth approximately $22.9 million as of June 30.

The fund cut its reported IBIT-linked call options from 998,000 underlying shares to 148,000 by around 85%but kept its put position steady.

While the macro fund held 579,083 IBIT shares at the end of March, it held 688,529 shares by the end of June. So, it has boosted its stake by 109,446 IBIT shares.

Popular on TheStreet Roundtable:

At its peak in late 2024, the fund held more than 8 million IBIT shares worth $427 million back then.

Billionaire investor Paul Tudor Jones first backed Bitcoin in May 2020, revealing he put 1%-2% of his assets in the leading cryptocurrency.

He has referred to Bitcoin as "unequivocally the best inflation hedge that there is" and argued that every portfolio should have an allocation to Bitcoin, gold, and stocks.

Bitcoin hit the all-time high (ATH) of $126,080 on Oct. 6, 2025. It is currently trading 50% lower than the peak at $$62,833 at press time.

Related: American Gen Z takes radical path to wealth creation

This story was originally published by TheStreet on Aug 17, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.