From the announcement by BTDR, it’s clear that Silicon Valley prodigy Situational Awareness (an AI-themed hedge fund founded by former OpenAI researcher Leopold Aschenbrenner) has liquidated its entire public market stock positions (both long and short) through a block trade to a single buyer. The buyer here is basically Citadel. Citadel. As of the end of Q1 2026 (March 31), Situational Awareness held approximately 3.44 million shares of BTDR (a significant increase of about 92% from the previous quarter, valued at roughly $29.8 million, representing a small proportion of its portfolio at the time). Citadel-related entities (such as Citadel Securities GP LLC, with Kenneth Griffin identified as the beneficial owner) filed a Schedule 13G on July 27, 2026, disclosing a new holding of approximately 9.5955 million shares of BTDR (about 4.8%, based on approximately 198.9 million outstanding shares), with the event date around July 20. This indicates that the prodigy made a significant increase in BTDR holdings in the most recent quarter. Now, Silicon Valley prodigy is starting to raise funds for its second phase, likely planning to buy back its previous positions.