According to a filing submitted to the US Securities and Exchange Commission, Monolith Management (Li Si Capital), an investment company owned by former Sequoia China partner Cao Xi, holds over $24 million in BlackRock's spot Bitcoin ETF. The Hong Kong-based company's position in the BlackRock ETF not only ranks fifth, but is more than twice its investment in Meta stocks. The filing also shows that the venture capital firm's two largest investments are Nvidia and Microsoft.

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