Multinational crypto funding entity FD7 Ventures told vending $750 M worth of Bitcoin owning within the following 30 days. The organization means to manage the sum to extend its funds in Cardano (ADA) and Polkadot (DOT).
FD7 Ventures holds more than $1 B in net assets. Most part of this comes from Bitcoin.
Talking about the firm's decision, the managing director of the company Prakash Chand said that over time Bitcoin lost its usefulness as a store of value.
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Dubai Fund Sells $750 M in BTC to Acquire ADA and DOT
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