US Commerce Secretary Howard Lutnick’s Cantor Fitzgerald Increases Bitcoin Exposure Via ETFs, MSTR, MARA; Adds Chinese Firms Like BABA, Baidu, JD In Q4

US Commerce Secretary Howard Lutnick‘s hedge fund Cantor Fitzgerald LP increased the firm’s exposure to Bitcoin (CRYPTO: BTC) and Chinese technology companies during the fourth quarter of 2024, when Donald Trump was reelected as the President.

What Happened: Lutnick is the chairman and CEO of Cantor Fitzgerald, who was Trump’s pick to serve as the U.S. Secretary of Commerce. The fund added many Bitcoin-related stocks and exchange-traded funds to its portfolio in the fourth quarter amid the span of the U.S. elections, results for which were declared on Nov. 5.

Here are the key changes made to the fund’s portfolio during the quarter.

• While Coinbase Global Inc. (NASDAQ:COIN) was already a part of Fitzgerald’s portfolio during the third quarter, the stake was increased by 66% in the fourth quarter. However, the fund also added other stocks involved with BTC acquisition to its portfolio.

• Michael Saylor‘s Strategy Inc. (NASDAQ:MSTR), formerly MicroStrategy, and MARA Holdings Inc. (NASDAQ:MARA) were the new entrants in Fitzgerald’s portfolio. While the …

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