Tudor Investment Corporation, led by renowned hedge fund manager Paul Tudor Jones, has significantly increased its Bitcoin reserves.

A recent 13F filing with the Securities and Exchange Commission (SEC) revealed the firm held over 4.4 million shares in BlackRock’s iShares Bitcoin Trust ETF as of September 30, 2024. This jump from the 869,565 shares it reported back in June to 4.4 million is substantial.

Tudor Investment Corp Increases Holdings by 400%

In June, the holdings were worth around $160 million. By September’s end, this investment had grown to approximately $230 million. The rise reflects the additional shares purchased by the firm and Bitcoin’s ongoing bull run.

Paul Tudor Jones has consistently advocated for Bitcoin as a critical hedge against inflation. Increasing his firm’s stake in BlackRock’s Bitcoin ETF demonstrates growing confidence in Bitcoin’s long-term value. This move aligns with Jones’ earlier statements highlighting Bitcoin’s role in protecting wealth during uncertain economic times.

“Billionaire hedge fund manager Paul Tudor Jones: All roads lead to inflation … I’m long gold, I’m long Bitcoin, I’m long commodities,” crypto influencer Michael Burry said on X.

BlackRock, the world’s largest asset manager, continues driving institutional acceptance of cryptocurrencies. Its iShares Bitcoin Trust ETF provides a way for investors to access Bitcoin through a familiar and regulated product.

Institutional Interest on the Rise

Tudor’s investment comes as optimism builds around spot Bitcoin ETFs gaining approval in the United States. These ETFs, including BlackRock’s pending application, promise easier access to Bitcoin for traditional investors. If approved, they could open the floodgates for even more institutional participation.

“Microstrategy bought another 51,780 #Bitcoin Do you understand how crazy this is? MSTR bought more Bitcoin than Germany had in TOTAL earlier this year. @saylor is going to push Bitcoin to $100K on his own,” said Rajat Soni on X.

Other institutional players are also on the prowl. On November 18 alone, MARA Holdings announced $700 million in convertible notes to fuel their Bitcoin reserve, and mining firm MicroStrategy purchased $4.6 billion in BTC. It was also reported that crypto inflows surged to almost $2.2 billion last week.

By quadrupling its stake in BlackRock’s iShares Bitcoin Trust ETF, Tudor Investment Corporation has strengthened its position in the cryptocurrency market. As regulatory clarity improves and adoption grows, investments like these could signal the next big step in bridging traditional finance and digital assets.

MicroStrategy Founder Michael Saylor announced the firm would offer $1.75 billion in zero-coupon convertible notes to purchase more Bitcoin. Earlier today, MicroStrategy bought over $4.6 billion in BTC.

The post-Trump bull market has turbocharged MicroStrategy’s Bitcoin-first policy, as the company makes record investments in BTC.

MicroStrategy to Buy Even More Bitcoin

According to the latest announcement, the convertible senior notes will be offered as zero-coupon convertibles, meaning they will pay no interest. In 2029, these notes will mature into MicroStrategy stock and are therefore offered at a discount.

“MicroStrategy intends to use the net proceeds from this offering to acquire additional bitcoin and for general corporate purposes,” the company stated in its press release.

This $1.75 billion fundraiser for further Bitcoin purchases has been announced on the same day MicroStrategy bought $4.6 billion in BTC. One week prior to this, it also put slightly over $2 billion into Bitcoin purchases.

This unequivocally makes MicroStrategy the world’s largest Bitcoin holder, continuing its staunch Bitcoin-first policy.

MicroStrategy’s stock price has ballooned since adopting this policy, outperforming Bitcoin with a 24-year high in October. Its stock prices have increased by over 460% in a year and nearly 75% this month alone.

The company’s value is inexorably tied to the performance of Bitcoin, but they do not always align directly. In any event, MicroStrategy hit these highs before Trump’s re-election, and the subsequent bull market has sent them soaring.

Some of the exact details around this private offering were not explicitly stated in the press release; for example, the exact terms of asset maturation and MicroStrategy’s right to redeem the notes for cash.

To that end, Saylor also announced a Webinar to discuss the offering on Tuesday, November 19. It’s open to Qualified Institutional Buyers, the same group that can buy the notes.

As long as the bull market continues, there’s no clear limit to MicroStrategy’s Bitcoin appetite. However, there is a limited supply of bitcoins, and ETF issuers have already outpaced miners’ production levels. These massive purchases are not sustainable forever, especially with such a buyer’s market, but Saylor will likely continue as long as possible.

Sławomir Mentzen, a candidate in Poland’s May 2025 presidential elections, has pledged to establish a Strategic Bitcoin Reserve if elected.

Following in the footsteps of Donald Trump, Mentzen positions himself as a leader in cryptocurrency adoption, a move that could reshape Poland’s economic strategy.

Sławomir Mentzen Manifesto: Bitcoin Reserve

Responding to a policy framework shared by Lech Wilczyński, CEO of crypto exchange Swap.ly, Mentzen affirmed his commitment to implementing the plan. He emphasized Bitcoin’s potential benefits for national resilience and independence from traditional financial (TradFi) systems.

“Poland should create a Strategic Bitcoin Reserve. If I become the President of Poland, our country will become a cryptocurrency haven, with very friendly regulations, low taxes, and a supportive approach from banks and regulators,” Mentzen shared.

Mentzen’s strategy extends beyond just adoption. By fostering a supportive environment for crypto enterprises, he aims to boost innovation and attract global investors. He highlighted his intent to transform Poland into a competitive player in the global crypto market.

The vision includes crypto-friendly regulations, reduced taxes, and cooperative engagement with banks and regulators. The aspirant also draws inspiration from the libertarian ideals often associated with cryptocurrencies. This appeals to voters who favor minimal government intervention and financial innovation.

These would set Poland on a path to becoming a global leader in digital asset innovation. Mentzen’s proposal finds favor among Poland’s growing crypto-savvy population, with Bitcoin adoption rising significantly in recent years.

With Poland’s elections scheduled for May 2025, Mentzen’s crypto-forward policies are likely to play a defining role in shaping the nation’s economic future. If successful, his leadership could herald a transformative era for Poland, placing it at the forefront of the cryptocurrency revolution in Europe.

“The first potentially in Europe, but not the last, that’s for sure,” one user on X commented.

Inspiration from Global Trends

Mentzen’s proposal resonates with a growing international interest in national Bitcoin reserves. The concept gained momentum earlier this year when US President-elect Donald Trump vowed to establish a similar reserve, triggering debates about Bitcoin’s role in national finance.

Trump’s stance inspired state-level initiatives in the US, such as Pennsylvania’s proposed Bitcoin reserve bill and Florida’s endorsement of the concept. Additionally, Senator Cynthia Lummis has advocated for Bitcoin as a national reserve asset, suggesting that selling Federal Reserve gold could fund such a transition.

Globally, interest is expanding. Hong Kong is also evaluating Bitcoin’s inclusion in its financial reserves. This points to the asset’s potential as a hedge against economic volatility. Mentzen’s initiative reflects this broader trend, leveraging Bitcoin’s scarcity and decentralized nature to position Poland as a leader in the cryptocurrency space.

While still in the campaign stage, Mentzen’s promise reflects an ambitious alignment with a broader, global shift toward cryptocurrency adoption. As other nations, including the US and Hong Kong, explore similar strategies, Poland’s potential adoption of a Bitcoin reserve could set a precedent for other mid-sized economies.

However, critics question Bitcoin’s volatility and its potential risks as a reserve asset. Notably, investor Michael Novogratz has warned that national adoption might face resistance due to an unpredictable market and political complexities.

“It’s a low probability. While the Republicans control the Senate, they don’t have close to 60 seats. I think that it would be very smart for the United States to take the Bitcoin they have and maybe add some to it… I don’t necessarily think that the dollar needs anything to back it up,” Novogratz claimed.

Polymarket odds share his point. The decentralized prediction market, which gained credibility after successfully forecasting Trump’s victory, shows a meager 31% chance of Trump establishing a US Bitcoin Reserve.

Despite the skepticism, Novogratz articulated that such a Reserve would be beneficial for Bitcoin, potentially sending BTC value to $500,000. Meanwhile, others like David Bailey, CEO of Bitcoin Magazine, hold that Donald Trump could create a Bitcoin strategic reserve without Congressional approval.

“The verdict from the experts is the President has the authority to establish the SBR without Congress and implement a fairly large acquisition program (tens of billions of $). To go bigger we’ll need Congress, but we can start right away at a MicroStrategy-esque scale,” Bailey expressed.