Leopold Aschenbrenner, a prominent figure in AI investment, has achieved remarkable growth with his fund, Situational Awareness LP. The fund's public holdings skyrocketed from $225 million in Q4 2024 to $5.5 billion in Q4 2025. Aschenbrenner, who previously worked with the FTX Future Fund, founded the fund in September 2024, focusing on AI supply chain investments. Situational Awareness LP's strategy emphasizes upstream infrastructure, with significant investments in energy, computing power, and optical communications. Notably, the fund's portfolio includes Bitcoin mining companies transitioning to AI computing centers. This strategic shift reflects Aschenbrenner's focus on leveraging existing resources amid the growing AI trend and a sluggish crypto market.