Ben's fund held $54.7 million worth of Coinbase stock in the second quarter, marking the first time it has allocated to a crypto-related stock.

BlockBeats News, July 30th: According to a 13F filing submitted to the SEC, Oriental Harbor, managed by Richard Deng, once again increased its US stock holdings. As of the end of the second quarter, the Oriental Harbor Investment Fund held a total of 13 US stock positions valued at $1.126 billion, equivalent to over 8 billion yuan, a significant increase from the $868 million at the end of the first quarter.

The data shows that the cryptocurrency company Coinbase was newly added to Oriental Harbor's portfolio in the second quarter, with a position valued at approximately $54.7 million. (Sina Finance)

It is worth noting that Richard Deng had previously disclosed in February 2021 that he had purchased a Bitcoin ETF fund, stating, "I have purchased 1% of the Bitcoin ETF fund. Although it's a bit late, I believe in embracing it once I understand it! I hope to maintain my curiosity about new things!"