RESOLVING THE LEDGER
This is one outlet's own report from CoinDesk — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 1 sources
The firm held 688,529 shares of the iShares Bitcoin Trust ETF (IBIT), valued at $22.9 million as of June 30, according to a 13F filing on Friday .
The share count rose by 109,446, or 18.9%, from 579,083 at the end of March . The holdings are now worth around $24.5 million.
Tudor also reported calls tied to 148,000 underlying IBIT shares, down 85.2% from 998,000 in March. Its put position edged down 1.4% to 715,000 underlying shares from 725,000, according to the filings.
The filing does not disclose the options’ strike prices or expiration dates, so the underlying share counts do not provide a direct measure of Tudor’s directional exposure. And the derivatives positionings are likely a hedging mechanism for its bitcoin bets.
Tudor first disclosed 869,565 IBIT shares in mid-2024 and increased the position to 8.05 million shares, worth $427 million by year-end. It then cut the stake in every quarter of 2025, ending December with 576,523 shares.
The firm’s initial buildup came as bitcoin rallied from around $60,000 to $92,000, while cuts then came into strength. In the second and third quarters of last year, BTC rallied to an all-time high of $124,000, while Tudor reduced its exposure. As bitcoin began to crash, Tudor’s share count hit its low.
Even after the latest purchases, the direct-share position remained 91.4% below its late-2024 peak and accounted for only a fraction of the $71.9 billion in the company’s portfolio.
Tudor Jones has repeatedly framed bitcoin as an inflation trade. He said in 2024 that “all roads lead to inflation” and disclosed that he was long bitcoin and gold, then called bitcoin the “best inflation hedge” in April this year, citing its fixed supply as an advantage over gold.
1 Robot maker Unitree is going public. Hyperliquid traders see 4x upside from IPO price 1 hr ago 2 Swiss mega-bank UBS ramps up its Bitcoin exposure with a massive 24-fold surge in ETF call options 1 hr ago 3 Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city 2 hrs ago 4 The $11.2 billion in 2026 funding that killed crypto’s permissionless era 3 hrs ago 5 Clarity survives (barely), Strategy sells and the untold story of Mastercard's $1.8 billion deal: Crypto's week in 5 stories 4 hrs ago 6 Wall Street's private blockchain obsession is a 'race to the bottom,' Ethereum advocate Raman warns 5 hrs ago 7 Trump expected to attend White House meeting with crypto CEOs, sources say 17 hrs ago 8 Trump-backed World Liberty wins conditional bank charter from federal regulator 20 hrs ago 9 Tokenization stocks slip as SEC delay puts 'speed bump' in crypto’s Wall Street push 23 hrs ago 10 Strategy says MSCI should measure markets, not dictate corporate assets 1 day ago Latest Research Building the Zcash Machine: Tachyon and Quantum Readiness Building the Zcash Machine: Tachyon and Quantum Readiness Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.