TechFlow News, July 12 — Reports circulating online claiming that the "Israel Investment Fund Group purchased $2.3 billion worth of Bitcoin" are questionable. According to TechFlow's investigation, the original source of this information was a Twitter account named "Israel Investment Fund Group," with the handle "gegelsmr," which posted the claim on July 9. The account was subsequently suspended. Following this, Yahoo Finance and other outlets published news reports citing the alleged purchase. Later, the official Chinese-language Weibo account of the Consulate General of Israel in Shanghai, @以色列在中国, shared the content in Chinese. It is understood that Israel Investment Fund Group is a private Israeli company; however, its official website contains no information regarding any investment in Bitcoin.
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