According to news on February 25th, Dubai-based IBC Group, a private equity firm that invests in real estate and technology, has allocated $4.8 billion in Bitcoin for Magic Capital. According to a press release last week, IBC will use the 100,000 BTC to establish the Miami 2.0 Blockchain Strategic Foundation and support other projects. IBC Chairman Khurram Shroff said: "Making the largest Bitcoin investment in history demonstrates our commitment to assisting cities in adopting blockchain, which is seen as the key to achieving widespread adoption."
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