Walmart family invests $4M in BTC ETF

WIT LLC, the investment firm of Walmart's founding Walton family, invested $4 million in BlackRock's spot Bitcoin ETF (IBIT) during the fourth quarter of last year, CNBC reported. The investment accounts for less than 1% of the firm's total portfolio. Meanwhile, Kemnay Advisory Services, led by duty-free entrepreneur Alan Parker, increased its stake in Coinbase by about 44% during the same period.