Billionaire Ken Griffin is pouring millions of dollars into two new bets on quantum technology. A new 13F filing shows the Citadel CEO added positions in RigettiBillionaire Ken Griffin is pouring millions of dollars into two new bets on quantum technology. A new 13F filing shows the Citadel CEO added positions in Rigetti

Billionaire Ken Griffin Pours $4,700,000 Into Two Assets in New Bet on Future of Quantum Technology

2025/12/13 05:00

Billionaire Ken Griffin is pouring millions of dollars into two new bets on quantum technology.

A new 13F filing shows the Citadel CEO added positions in Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) in the third quarter.

[google336x280]

Citadel purchased approximately 51,700 shares of Rigetti, valued at about $1.6 million based on the September 30th closing price of $29.79.

Rigetti specializes in gate-based quantum systems using superconducting qubits, with a roadmap targeting scalable, fault-tolerant processors by 2027.

The firm also added around 122,600 shares of D-Wave, worth roughly $3.10 million at the quarter-end price of $24.71.

D-Wave focuses on quantum annealing for optimization problems, boasting systems with over 4,000 qubits that tolerate noise better than competitors.

The stakes, though small relative to Citadel’s $657 billion portfolio, highlight Griffin’s interest in emerging tech. Rigetti’s stock surged 3,750% since January 2023, while D-Wave rose 1,770% since January 2024.

Wall Street remains bullish, with analysts projecting 42% upside for Rigetti and 48% for D-Wave over the next year. However, quantum tech faces hurdles, with commercial viability likely a decade away.

[Newsletter]

[v2snippetminusbitcoin]

Generated Image: Midjourney

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

SEC issues investor guide on crypto wallets and custody risks

SEC issues investor guide on crypto wallets and custody risks

The SEC released a guide on crypto wallets and custody for investors.
Share
Cryptopolitan2025/12/14 08:38
UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21