Key Takeaways
- • Stanley Druckenmiller's Duquesne Family Office disclosed new stakes totaling approximately $87.8 million in two crypto-related public companies in the second quarter of 2026, per its Form 13F filed in August 2026.
- • Duquesne acquired about 4.1 million shares of Bitdeer Technologies Group (NASDAQ: BTDR), valued at more than $64.7 million at an average purchase price of about $12.26 per share.
- • Duquesne established a position of roughly 2.9 million shares in Hyperliquid Strategies (NASDAQ: PURR), valued at approximately $23.1 million, giving regulated equity exposure to the HYPE ecosystem without direct token purchases.
- • Duquesne's reported US equity holdings expanded to about $5.21 billion across roughly 95 positions during the quarter, with exposure to bitcoin mining and infrastructure names increasing while certain traditional semiconductor holdings were exited.
- • Jane Street, Citadel, BlackRock, and State Street also increased positions in Bitdeer or Hyperliquid Strategies during the same period.
Summary
Investor Stanley Druckenmiller's Duquesne Family Office has signaled a notable shift toward digital assets, according to regulatory filings for the second quarter of 2026. Per a Form 13F submitted in August 2026 covering holdings as of June 30, the office acquired new stakes totaling approximately $87.8 million in two crypto-related companies, as reported by Crowdfund Insider.
The largest position is in Bitdeer Technologies Group (NASDAQ: BTDR), a high-performance computing firm that produces cryptocurrency mining equipment and operates data centers in the United States and abroad. Duquesne acquired about 4.1 million shares, valued at more than $64.7 million at an average purchase price near $12.26 per share. The company has shown operational progress, including reduced quarter-over-quarter losses, and has secured a long-term artificial intelligence agreement valued at $4.7 billion for 121 megawatts of capacity at its Tydal campus in Norway. Bitdeer has also begun construction of a US facility in Nevada expected to manufacture thousands of mining units monthly.
The office also established a position of roughly 2.9 million shares in Hyperliquid Strategies (NASDAQ: PURR), valued at approximately $23.1 million. The Nasdaq-listed entity functions as a digital-asset treasury vehicle centered on the HYPE token, the native asset of the Hyperliquid decentralized exchange, which specializes in perpetual futures and other on-chain trading. Holding the shares offers regulated equity exposure to the HYPE ecosystem, including accumulation, staking, and yield strategies, without directly purchasing the token. The investment arrives as the platform's token recently reached new highs following comments from President Donald Trump indicating that Commodity Futures Trading Commission (CFTC) efforts were underway to bring the exchange into compliance for U.S. operations. Shares of Hyperliquid Strategies also advanced on the news.
The moves are part of a broader portfolio reallocation. Duquesne's reported US equity holdings expanded to about $5.21 billion across roughly 95 positions during the quarter. The office initiated or expanded exposure to several bitcoin mining and related infrastructure names while exiting certain traditional semiconductor holdings. Jane Street, Citadel, BlackRock, and State Street similarly increased positions in Bitdeer or Hyperliquid Strategies during the same period.
Market observers note that 13F reports capture only publicly traded equity holdings and do not disclose any direct token positions the office may hold. Druckenmiller has occasionally engaged with digital assets in the past. The filings underscore interest in both the physical infrastructure supporting blockchain networks and regulated vehicles offering institutional access to emerging tokens. The full extent of any ongoing strategy will become clearer with subsequent filings.
The largest position is in Bitdeer Technologies Group (NASDAQ: BTDR), a high-performance computing firm that produces cryptocurrency mining equipment and operates data centers in the United States and abroad. Duquesne acquired about 4.1 million shares, valued at more than $64.7 million at an average purchase price near $12.26 per share. The company has shown operational progress, including reduced quarter-over-quarter losses, and has secured a long-term artificial intelligence agreement valued at $4.7 billion for 121 megawatts of capacity at its Tydal campus in Norway. Bitdeer has also begun construction of a US facility in Nevada expected to manufacture thousands of mining units monthly.
The office also established a position of roughly 2.9 million shares in Hyperliquid Strategies (NASDAQ: PURR), valued at approximately $23.1 million. The Nasdaq-listed entity functions as a digital-asset treasury vehicle centered on the HYPE token, the native asset of the Hyperliquid decentralized exchange, which specializes in perpetual futures and other on-chain trading. Holding the shares offers regulated equity exposure to the HYPE ecosystem, including accumulation, staking, and yield strategies, without directly purchasing the token. The investment arrives as the platform's token recently reached new highs following comments from President Donald Trump indicating that Commodity Futures Trading Commission (CFTC) efforts were underway to bring the exchange into compliance for U.S. operations. Shares of Hyperliquid Strategies also advanced on the news.
The moves are part of a broader portfolio reallocation. Duquesne's reported US equity holdings expanded to about $5.21 billion across roughly 95 positions during the quarter. The office initiated or expanded exposure to several bitcoin mining and related infrastructure names while exiting certain traditional semiconductor holdings. Jane Street, Citadel, BlackRock, and State Street similarly increased positions in Bitdeer or Hyperliquid Strategies during the same period.
Market observers note that 13F reports capture only publicly traded equity holdings and do not disclose any direct token positions the office may hold. Druckenmiller has occasionally engaged with digital assets in the past. The filings underscore interest in both the physical infrastructure supporting blockchain networks and regulated vehicles offering institutional access to emerging tokens. The full extent of any ongoing strategy will become clearer with subsequent filings.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.