Billionaire hedge fund manager dumps MicroStrategy stock entirely

Billionaire hedge money manager Paul Tudor Jones sold his full nonstop involvement successful MicroStrategy, exited his Ethereum ETF presumption completely, and dumped equity successful 2 Bitcoin miners during the archetypal 4th of 2026, according to a 13F filing with the Securities and Exchange Commission (SEC).

The filing, submitted connected May 15, covers holdings arsenic of March 31, 2026.

Tudor Investment Corp's full 13F portfolio was valued astatine $53.87 cardinal astatine the extremity of the quarter, down somewhat from $54.03 cardinal the anterior period.

For context, the archetypal 4th of 2026 was unsmooth for crypto.

Bitcoin fell astir 30% during the quarter, closing adjacent $66,000 connected March 31 aft starting January astir $93,800. The selloff dragged down each crypto-related banal successful Tudor's portfolio.

Related: Aliens spell connected a Bitcoin buying spree

Paul Tudor Jones sells MSTR, Bitcoin miners

The biggest determination was Strategy Inc., formerly MicroStrategy.

Tudor sold each stock of nonstop equity it held successful the company, taking the presumption to zero. But helium did not locomotion distant from the sanction entirely. He kept $48.6 cardinal successful enactment options (389,300 contracts) and $35.7 cardinal successful telephone options (286,300 contracts).

That means Tudor is nary longer betting connected MicroStrategy arsenic a stock. He is betting connected MicroStrategy arsenic a volatility trade.

The puts wage if the banal drops. The calls wage if it rips. He does not request to prime a direction. He conscionable needs it to move.

Strategy's banal closed astatine astir $162.79 connected May 26, down from a 52-week precocious of $457.20. The institution holds 762,099 Bitcoin connected its equilibrium sheet, worthy astir $51.6 billion, making it the largest firm holder of Bitcoin successful the world.

Tudor besides afloat exited his presumption successful iShares Ethereum Trust ETF (ETHA). He held telephone options connected the money successful Q4 2025. By the extremity of Q1 2026, those were gone. No calls, nary puts, nary equity. A implicit exit from Ethereum exposure.

Two Bitcoin miners besides got the axe.

Tudor sold each nonstop equity successful CleanSpark (CLSK) and Hut 8 Corp (HUT), though helium kept options positions successful both.

Tudor bullish connected Bitcoin

Tudor's largest crypto presumption is inactive BlackRock's iShares Bitcoin Trust ETF (IBIT). He holds $38.3 cardinal successful telephone options (998,000 contracts), $27.9 cardinal successful enactment options (725,000 contracts), and $22.2 cardinal successful nonstop equity (579,083 shares). That is astir $88.4 cardinal successful full IBIT exposure.

IBIT is presently trading astir $42.75, good disconnected its 52-week precocious of $71.82. The money holds astir $61 cardinal successful assets nether absorption and is BlackRock's azygous largest gross source.

Tudor besides kept a sizable presumption successful Coinbase (COIN), though again, heavy hedged.