Paul Tudor Jones’ investment firm increased its stake in BlackRock’s bitcoin ETF (IBIT) in the second quarter while cutting its reported call option position in the fund by 85%:
As of June 30, the firm held 688,529 shares valued at $22.9 million:
- The share count rose by 109,446, or 18.9%:
- This stake remains 91.4% below its 2024 peak:
- Tudor Jones has repeatedly framed bitcoin as an inflation hedge:
The firm also reported calls tied to 148,000 underlying IBIT shares, down 85.2% from 998,000 in March:
Tudor Jones stated in 2024 that “all roads lead to inflation” and disclosed that bitcoin is the “best inflation hedge”:
