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Tudor Investment increased its direct IBIT stake by 18.9% to 688,529 shares in Q2. The overlooked detail: it also cut most of its IBIT call-option exposure. So this is not simply a larger bullish bet it looks more like increased direct ownership with less leveraged upside exposure. #XiaomiQ2Earnings #30YYieldHits2007High #SanDiskLongTermDeals $BTC