Warren Buffett has reduced Berkshire Hathaway’s stake in short-term Treasury bills by tens of billions of dollars and is doubling down on one broadcasting company’s stock.

New SEC filings show Buffett’s short-term Treasury bill holdings declined by $42.867 billion at the close of the second quarter of the year when compared to December 2024, with total holdings of T-bills now at $243.605 billion.

Meanwhile, Berkshire Hathaway purchased 5,030,425 more shares of Sirius XM Holdings (SIRI) last month at around $21 per share, bringing its total holdings of SIRI to 124,807,117 shares.

SIRI is trading for $20.97 per share at the close of the market on Wednesday.

Also last month, Berkshire Hathaway dumped nearly $1.23 billion worth of shares in the domain name giant Verisign.

Verisign announced the Omaha-based investment giant would sell 4,300,000 shares of the company’s common stock to the public for $285 per share. The sell-off materialized after Buffett’s firm acquired multiple new stocks in the first quarter of 2025.

Filings with the SEC earlier this year showed Berkshire added 865,311 shares of the swimming pool supply giant POOLCORP (POOL) for nearly $262 million in Q1. The firm purchased an additional 6,384,676 shares of the alcohol producer Constellation Brands (STZ) for nearly $961 million and it acquired 238,613 new shares of Domino’s Pizza (DPZ) worth approximately $204 million.

Berkshire also bought 112,401 new shares of Heico Corporation (HEI), an aerospace and electronics firm, worth nearly $50 million in Q1.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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BitMEX co-founder Arthur Hayes is unloading his altcoin positions, believing that the crypto market will witness a correction this month.

In a new post on the social media platform X, blockchain tracking firm Lookonchain spotted Hayes selling millions of dollars worth of Ethereum (ETH) as well as the memecoin Pepe (PEPE) and the stablecoin-focused project Ethena (ENA).

“Arthur Hayes sold 2,373 ETH ($8.32 million), 7.76M ENA ($4.62 million) and 38.86 billion PEPE( $414,700)…”

The crypto veteran says he’s selling his altcoins because he believes that Q3 will be a period of sluggish economic growth. Hayes believes monetary policies are not loose enough to stimulate the economy, especially with Trump’s tariffs on the horizon.

According to Hayes, macroconditions are ripe to trigger significant retracements for Bitcoin (BTC) and Ethereum.

“Why? US Tariff bill coming due in 3Q … at least the market believes that after NFP (non-farm payroll) print. No major economy is creating enough credit fast enough to boost nominal GDP. So BTC tests $100,000, ETH tests $3,000.”

Despite his short-term bearish stance on crypto, Hayes believes that the asset class is still in a strong uptrend

Late last month, he unveiled his year-end price targets for Bitcoin and Ethereum.

“My year-end targets:

Bitcoin = $250,000.

Ether = $10,000.”

At time of writing, Bitcoin is trading for $113,197, while ETH is worth $3,420.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Large volumes of Pudgy Penguin’s PENGU tokens are flowing from the project’s deployment address to centralized exchanges (CEXs), raising questions amid a strong market rally.

On July 28, blockchain analyst EmberCN, citing Arkham Intelligence data, reported that more than 206.9 million PENGU tokens, valued at approximately $8.91 million, were transferred to various CEXs within the past 24 hours.

He said this is part of a broader transfer pattern observed from the project’s team during the past month.

EmberCN pointed out that the PENGU team has transferred over 2 billion tokens, valued at around $66.6 million, to CEXs during the past month.

Token transfers to exchanges are commonly seen as a sign that holders might be preparing to sell. As a result, the recent PENGU team movements could be viewed as a potential step toward liquidation.

This surge in token movements coincides with a notable price increase. According to CryptoSlate’s market data, PENGU is trading at $0.04278 at the time of writing. The token has climbed 3.3% over the past day, gained over 17% in the past week, and jumped roughly 230% over the last month.

PENGU scam warnings

Meanwhile, the PENGU token rally appears to have drawn attention from scammers who have initiated a new wave of phishing scams targeting the NFT project token holders.

On July 27, Beau, the security expert at Pudgy Penguin, explained that the new scam involves sending small amounts of PENGU tokens, known as “dust,” to random wallets. These tokens use vanity address names that double as fake website URLs.

The security chief pointed out that this scam is designed to manipulate users into searching for these vanity names via Solscan.

From there, victims may unknowingly click phishing links that mimic Pudgy Penguins’ branding. If users connect their wallets, they are prompted to sign malicious transactions that drain their assets.

Beau clarified that no legitimate PENGU airdrop or claim is currently active.

He also highlighted another scam involving counterfeit PENGU tokens engineered to act as honeypots. These fake tokens can trap users during swaps and steal their funds.

These events reflect the growing sophistication of crypto scams, especially during market rallies. As PENGU gains momentum, users are urged to stay alert, verify token sources, and avoid interacting with unsolicited airdrops.

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A billionaire who made his fortune at Tiger Global just poured more than $300 million into a high-growth stock that’s skyrocketed over the last year.

Karthik Sarma, who now spearheads SRS Investment Management, sold all of the hedge fund’s massive investment in Nvidia (NVDA) between Q1 of 2024 and Q1 of 2025.

Now, new 13F filings show Sarma has piled about $334 million, purchasing 4.74 million shares, into Tapestry (TPR).

The luxury goods company, known for its premium handbag and accessories brands like Coach and Kate Spade, has seen its stock surge over 100% in the past 12 months.

Tapestry specializes in designing and retailing high-end fashion accessories, leveraging its iconic brands to capture the growing demand for luxury lifestyle products.

The company’s strong cash flows and strategic share-repurchase program may have also caught Sarma’s eye, with SRS Investment Management now allocating about 4.5% of the hedge fund’s portfolio to the new investment.

That makes Tapestry the fourth-largest allocation at SRS, following Pdd Holdings Inc. at 6.45%, Planet Fitness Inc. at 6.09%, and Meta Platforms Inc. at 5.75%, highlighting a strategic focus on e-commerce, fitness, AI and tech, alongside luxury retail.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Cathie Wood’s ARK Invest has increased its Circle selling spree as CRCL stock surged nearly 250% since its public debut.

ARK dumped another 609,175 Circle shares from its three funds for $146.2 million on Friday, according to a trade notification seen by Cointelegraph.

The sale came amid a 20.4% jump in the company’s shares on Friday, closing at $240.3, or 248% above the opening price of $69 on the New York Stock Exchange on June 5.

The most recent dump marked the third sale by ARK in the past trading week, with all three sales totaling 1.25 million CRCL shares, netting roughly $243 million based on the daily closing prices.

ARK sells about 300,000 CRCL shares daily

ARK’s latest Circle stock sale involved transactions from the three ARK funds, including the ARK Innovation ETF (ARKK), ARK Next Generation internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF).

The largest fund, ARKK, sold 490,549 CRCL shares, while ARKW and ARKF offloaded 75,018 shares and 43,608 shares, respectively.

The company sold $45 million on Tuesday, after making another $52 million sale on Monday.

Related: Stablecoins will soon have their ‘iPhone moment,’ Circle CEO

ARK is the 8th largest holder of Circle

ARK’s total sale of Circle shares over the past week represents nearly 29% of the company’s 4.49 million CRCL shares it purchased at Circle’s public launch on June 5.

Despite the massive sale, ARK remains one of the largest CRCL holders, ranking the eighth largest investor as of June 20, 3:00 pm UTC, according to Bloomberg Terminal data.

According to the data, Beijing-based IDG-Accel China Capital Fund II is the largest Circle holder with 23.3 million shares, followed by General Catalyst Group Management and James Breyer, holding 20.1 million shares and 16.7 million shares, respectively.

ARK continues to hold $750.4 million worth of Circle shares as of June 20, with CRCL becoming the top holding in the ARKW fund with a weight of 7.8%.

Magazine: Bitcoin’s invisible tug-of-war between suits and cypherpunks

The Federal Reserve just bought $43.6 billion in US treasuries in the span of a week, sparking concerns that a quiet quantitative easing operation is underway.

New filings show the Fed purchased $8.8 billion in 30-year bonds on May 8th via its System Open Market Account (SOMA) – a move that followed a $34.8 billion purchase earlier that same week.

The move has triggered allegations that “stealth QE” has arrived, with a MarketWatch Op-Ed from Charlie Garcia calling the move “monetary policy on tiptoes.”

The Fed denies the claims, and has long stated such purchases are routine reinvestments of maturing securities to adjust the money supply and influence interest rates to meet its targets.

The Fed’s buying spree follows a major Treasury sell-off from China.

New numbers from the Treasury Department show China sold $18.9 billion in US bonds in March, while most other countries increased their holdings.

China now holds $765.4 billion in US Treasuries and is in third place behind the UK and Japan, which hold $779 billion and $1.13 trillion, respectively.

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China sold off billions of dollars worth of US Treasuries between February and March, according to new government data.

An update from the Treasury Department shows China’s US Treasury holdings dropped $18.9 billion in one month, while most other countries increased their holdings.

The data also shows that the UK has overtaken China and is now the second-biggest foreign holder of USTs in the world.

Japan remains the biggest holder of USTs in the world, currently holding $1.13 trillion, down from $1.16 trillion a year prior.

Macro investor Luke Gromen warns that the countries buying more USTs won’t be able to simultaneously buy more American-manufactured goods, further hurting America’s trade deficit that President Trump has promised to address.

Says Gromen,

“Foreign UST holdings rose $133 billion Mar vs. Feb.

UK, Caymans, and Canada were $86 billion of that $133 billion; China sold $19 billion.

UK surpassed China as the 2nd biggest US foreign creditor for 1st time ever in March.

Cayman Islands (pop. ~73,000) is now the fourth biggest US foreign creditor at $455 billion…

How are they going to buy both USTs and more goods from America going forward?”

Analysts reportedly told Reuters that Chinese holdings of USTs have been in a downward trajectory since 2018, even though foreign holdings of Treasuries surged to an all-time high of $9.05 trillion in March.

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A big player in the world of Pepe coin has cashed out a large chunk of their holdings, causing the price of the meme coin to wobble. This investor, who got in early on Pepe, sold off 150 billion tokens on a crypto exchange, Binance. The sale amounted to about $1.14 million. It’s a significant move that has caught the attention of people who follow the ups and downs of these digital currencies.

Related Reading

Early Investment Pays Off Big

The story gets even more interesting when we look at how much this investor initially put into Pepe. Reports say they only spent around $2,184 to buy a massive 1.5 trillion Pepe tokens way back when.

A $PEPE OG sold 150B $PEPE($1.14M) again 5 hours ago.

This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) in the early stage.

He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of $10.3M(4,718x).https://t.co/tyzLr10sGj pic.twitter.com/FD6fFpyqCi

— Lookonchain (@lookonchain) March 29, 2025

Now, after selling off some of their stash, this person has already made a profit of $6.66 million. That’s like getting back almost 4,718 times their initial investment. Even after this big sale, they still have a considerable amount of Pepe left – about 493 billion tokens, which are currently worth around $3.64 million.

Price Takes A Dip

News of this large sale seems to have affected the price of Pepe. Over the last day, the value of the coin dropped by about 4.59%, according to the transaction. Other sources are even reporting a slightly bigger drop, over 5%.

Right now, one Pepe coin is trading for about $0.00006976. It’s a reminder that when someone holds a lot of a particular cryptocurrency, their actions can have a real impact on the market price.

Market Shows Signs Of Weakness

It’s not just this big sale that’s putting pressure on Pepe’s price. The total cryptocurrency market has been moving a bit slow recently, and that’s contributing to the negative trend for Pepe.

Although the price is lower, plenty of trading is still going on with Pepe. The trading volume in one day has actually increased by around 3.90% to $421.28 million. That indicates that even with the price decline, individuals are continuing to buy and sell the meme coin.

Related Reading

Technical Indicators Point Downward

Glancing at some of the technical charts that traders follow, things don’t appear too good for Pepe at this moment. One of them, known as the MACD, indicates a bearish signal, which means the price may continue to go down. Another one, the RSI, is in what’s termed “oversold” territory, at 24.55. This generally indicates there’s been considerable selling pressure.

Data also shows that money has been flowing out of Pepe since the middle of January, which isn’t a good sign for its price. Some analysts are even predicting that if Pepe stays below a certain price point, around $0.0000075, it could fall another 20% to about $0.00000585.

Featured image from Gemini Imagen, chart from TradingView