Adding to the post below from yesterday. It’s important to understand Paul Tudor Jones’ history with BTC. He was a big buyer of IBIT in previous years, reporting 8 million shares (then valued at $427 million) at the end of 2024. He became a seller during 2025, eventually owning just 576,523 shares at the end of the year. His timing in BTC has been great. Then, in early 2026, he stopped selling. Yesterday’s filing showed his first notable buying of IBIT since his prescient accumulation in 2024. Yes, that buying was small relative to his total assets (and he also has IBIT puts/calls). But it’s the transition from seller, to holder, to buyer that's potentially important -- especially for a macro-based investor like PTJ. The key will be to watch what he does in the next few quarters. Was this the start of a new sustained accumulation? We’ll see. Watch his filings and, importantly, any public comments about inflation, gold or BTC. Required viewing on Paul Tudor Jones and BTC from earlier this year...keep this in mind as you watch his buy/sell activity: