Brevan Howard’s $2.3 billion IBIT stake surpasses Goldman Sachs, highlighting the hedge fund’s accelerating push into Bitcoin-related investments.
Brevan Howard disclosed holding approximately 37.5 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) worth around $2.3 billion as of June 30, according to its latest SEC filing. This marks a sharp rise from 21.5 million shares in the first quarter, making it the largest institutional IBIT holder, overtaking Goldman Sachs’ March position of $1.4 billion. The hedge fund, known for macro trading, operates BH Digital to manage billions in crypto assets and invests in blockchain infrastructure. Other significant holders include Symmetry Investments, Capula Management, Mubadala Investment, and Harvard Management, which recently reported a $1.9 billion stake. IBIT remains the leading Bitcoin ETF, with over $88 billion in Bitcoin under management.