Media: Coinbase and Bakkt helped Paul Tudor Jones invest in Bitcoin

The founder and chief investment officer of Tudor Investment, Paul Tudor Jones, used the services of Coinbase and Bakkt to buy his first cryptocurrency in May 2020. CoinDesk reports this, citing documents submitted to the SEC.

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

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

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

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

In October 2020, the billionaire compared the purchase of digital gold with early investments in Apple or Google at an early stage.

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

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