Paul Tudor Jones Turns To Coinbase And Bakkt To Invest In Bitcoin

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Tudor Investment founder and chief investment officer Paul Tudor Jones used Coinbase and Bakkt when purchasing the first cryptocurrency in May 2020. This is reported by CoinDesk with reference to documents sent to the SEC.

According to the publication, the $ 44.5 billion hedge fund Tudor Investment Corporation has partnered with Bakkt Trust Company, Tagomi Trading LLC and brokerage Coinbase. In February 2021, the latter helped the Tesla company Elon Musk to invest $ 1.5 billion in bitcoin.

Tudor Family Fund II, open to relatives and close supporters of Jones, is the only one of eight hedge funds to disclose information about the holders of the cryptocurrency, the media said.

According to the documents, Tudor Investment admits the possibility of opening access to the first cryptocurrency to “certain clients”.

Earlier, Paul Tudor Jones said that he holds 1-2% of his assets in bitcoin. At the time of writing, his fortune is estimated at $ 7 billion.

In October 2020, the billionaire compared buying digital gold to investing in Apple or Google early on.

In February 2021, the founder of Tudor Investment invested in a new cryptocurrency venture fund with $ 72 million in assets.

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