Stone Ridge reports $3B profit in 2025, 50% annualized return for founding investors

Stone Ridge Holdings Group reported $3 billion in 2025 trading profits and a 50% annualized return for founding investors since 2012, according to the company’s annual investor letter. The letter says that Stone Ridge generated$ 10 billion in total trading profits over the last three years, and original investors have received distributions totaling 32 times their initial capital. In the Sunday letter, CEO Ross Stevens also advocated for Bitcoin as a necessary instrument for protecting human rights and ...