• Shaurya Malwa
• 26 Feb, 2021

Dubai-based crypto fund FD7 Ventures says it will sell over $750 million worth of Bitcoin in the next month to purchase Cardano and Polkadot instead, according to a press release on Thursday. "The company has actually been in the works for over 8 months with the announcement being just made recently. Many of the [liquidity providers] in the fund are already holders of Ethereum and [Bitcoin] which have been given to us to manage," Abdul Ilyad, spokesperson for FD7 Ventures, told Decrypt.
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