Paul Tudor Jones' investment firm increased its direct holdings in BlackRock's iShares Bitcoin Trust ETF (IBIT) by 18.9% to 688,529 shares, valued at $22.9 million as of June 30. This comes after a year of steadily reducing its call option positions on the ETF by 85.2%, signaling a shift in strategy possibly towards hedging. Despite the recent increase, the current stake remains 91.4% below its peak in late 2024 and represents a small fraction of Tudor's overall portfolio. Tudor has consistently viewed bitcoin as an inflation hedge, emphasizing its fixed supply as a key advantage over gold. The move suggests cautious optimism about bitcoin's role in inflation protection amid market volatility.
Swiss bank UBS significantly increased its exposure to BlackRock's iShares Bitcoin Trust (IBIT) in Q2 by raising call option holdings 24-fold to 1.95 million shares and increasing direct IBIT shares by 12% to 407,890. Meanwhile, its put option exposu...
HIVE Digital Technologies reported a 73.5% year-over-year revenue increase to $79.1 million in Q1 FY2027, fueled by higher Bitcoin production and expanding high-performance computing (HPC) services. The company received 1,004 Bitcoin rewards, a 147% ...
AMD revealed a $565 million stake in SpaceX following its June IPO, despite SpaceX's decision to use Nvidia chips exclusively for its AI infrastructure. While Nvidia's investment aligns with its chip supply role, AMD's smaller stake appears to be a f...
KeyCorp reported strong second-quarter results, with net interest income rising 10% and an improved preferred dividend coverage ratio of 7%. The bank's aggressive share buyback program, exceeding $700 million in the first half of the year, has reduce...
Cisco Systems and Broadcom both posted strong quarterly results driven by AI infrastructure demand but took different approaches. Cisco's growth came from enterprise networking upgrades, with AI orders surpassing $9 billion for the year and a broad c...
