Hedge fund giant Citadel acquired the majority of Situational Awareness’s portfolio, valued at up to $16 billion, in just 24 hours in a deal closed around July 30, 2026. The transaction reportedly prevented forced selling that could have triggered a $3 trillion selloff in global semiconductor and AI stocks. Situational Awareness had posted 439% net returns through June 30, 2026 with assets peaking at $45 billion, before suffering a catastrophic 67% drawdown in July that left it with around $10 billion. Separately, Citadel Securities made a $400 million strategic investment in Crypto.com at a $20 billion valuation.
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