Cardone Capital, a $5 billion real estate firm, has purchased an additional 130 Bitcoin valued at $15 million as part of its ongoing Bitcoin strategy, marking its fourth real estate deal involving Bitcoin in Miami River refinancing. Meanwhile, major institutional investors are divesting significant amounts of cryptocurrency. BlackRock sold 19,504.95 Ethereum worth $82.7 million and 490 Bitcoin valued at $68.7 million. Fidelity offloaded 36,250.03 Ethereum valued at $150.8 million and sold $246.9 million worth of Bitcoin. Ark Invest also reduced its Bitcoin holdings by $63.3 million but made new investments in crypto-related stocks, acquiring $21 million in Bullish and $16 million in Robinhood, including a $14.2 million purchase of Robinhood stock. These moves reflect a mixed institutional approach to cryptocurrency, with some firms increasing exposure to Bitcoin while others are selling off substantial holdings amid a slump in demand.
BREAKING🚨 FIDELITY OFFLOADS 36,250.03 $ETH, VALUED AT $150.8M! https://t.co/R63QOUdCwz
💥BREAKING: Ark Invest sells $63.3 million worth of $BTC. https://t.co/7r3ZOeazsV
Cathie Wood's 'Apocalypse Squad' Play? Ark Scoops Up $14.2 Million Worth Of Robinhood Stock. https://t.co/n8pYV5y5Uj