Billionaire's Fund Liquidates Coinbase and BitMine Holdings in Q4, Google Overtakes NVIDIA as Top Holding

BlockBeats News, January 28th. The official website of the U.S. SEC disclosed the U.S. stock holding data for the fourth quarter of 2025 of the overseas fund under the leadership of Bin But. The data shows that by the end of 2025, Dongfang Gangwan held a total of 10 U.S. stock positions with a total market value of 1.316 billion U.S. dollars, equivalent to over 9.1 billion RMB, a slight increase from the approximately 1.292 billion U.S. dollars in stock value at the end of the third quarter of 2025. In the fourth quarter of 2025, Dongfang Gangwan made some adjustments to its U.S. stock holdings, focusing more on U.S. tech giants.

In the fourth quarter, Dongfang Gangwan liquidated its holdings in U.S. stocks such as Coinbase, Netflix, AsteraLabs, BitMine, Broadcom, and TSMC. Furthermore, the significant change was that Google replaced NVIDIA as Dongfang Gangwan's top holding. In previous quarters, NVIDIA was Dongfang Gangwan's top holding. In the fourth quarter of 2025, Dongfang Gangwan increased its position in Google by about 40.55%, coupled with the stock's nearly 29% appreciation in the fourth quarter, leading to a substantial increase in Google's holding ratio, far exceeding that of NVIDIA. By the end of 2025, Dongfang Gangwan's holding value of Google was about 406 million U.S. dollars, accounting for approximately 31% of its U.S. stock holdings. (Private Equity PEP Online)

Previously reported, Bin's fund held $54.7 million worth of Coinbase stock in the second quarter, marking the first allocation to a cryptocurrency concept stock. In the third quarter, around 185,900 shares of BitMine were purchased as a continuation of the crypto asset layout.