EddieJayonCrypto
17 Mar 25
Billionaire hedge fund manager John Paulson increases his firm's stake in International Tower Hill Mines Ltd. by over six million shares, bringing total ownership to more than 70 million shares. Paulson & Co. now holds a 37% stake in the gold mining company. Additionally, Paulson has acquired a new ...
Billionaire hedge fund manager John Paulson is making bold moves, signaling confidence in the gold mining and tech sectors amidst economic uncertainty and trade tensions.
Paulson & Co. has increased its stake in International Tower Hill Mines Ltd. by over six million shares, now owning more than 70 million shares and holding a 37% ownership in the gold mining company. Simultaneously, Paulson acquired a new $23.73 million position in Alphabet Inc., purchasing 126,000 shares, signifying his confidence in big tech's resilience.
This strategic pivot aligns with soaring gold prices, surpassing $3,000 an ounce due to economic uncertainty and trade tensions. John Paulson's portfolio historically emphasizes gold miners, and his recent moves underscore his strategy to identify value in turbulent times by balancing safe havens with growth assets.