Leopold Aschenbrenner’s Situational Awareness fund handed roughly $10 billion in stocks to Citadel at the end of July, including $1.99 billion in bitcoin miners. Citadel has now exited over 80% of that position in three weeks, executing nearly 100 block trades worth more than $4 billion. The artificial intelligence fund lost 67% in July after abandoning its hedges on semiconductor stocks before the market correction. Key miner positions included Core Scientific ($666 million), Riot Platforms ($468 million) and IREN ($433 million). This massive transaction signals the end of a major seller for the bitcoin mining sector.
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