Diddy Rides His Bike Around Miami Amid Federal Investigation

Diddy is continuing to show his face in and around Miami — only now … he’s riding high.

The hip hop mogul was spotted cruising around town Thursday in the Magic City — apparently wanting to stretch his legs and get a little exercise … because he was on a bicycle and pedaling away along what appears to be an expressway of some sort.

We’re told Diddy ended up pedaling his way on down to South Beach — not far from his Star Island homes — and yes … he was all by his lonesome, just a man and his thoughts.

He was smiling at one point as well, flashing a peace sign … and looking relatively happy for the trip — but the fact he was out at all is telling, as it’s just further evidence that he’s apparently not all that worried about what’s going on big picture.

Of course, we’re referring to the two raids his homes were subject to — which are part of a larger federal investigation against … which is digging into claims of sex trafficking, etc.

Diddy hasn’t been arrested, nor has he been charged … and he’s kinda flaunting that here.