السعودية

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The Saudi Central Bank invests indirectly in Bitcoin through Strategy Company

The Saudi Central Bank's investment in Strategy Company grants it an indirect investment in 568,840 Bitcoin (BTC).

This move is similar to the Norwegian sovereign wealth fund's strategy for indirect investment in crypto.

Saudi Arabia leads the MENA region in crypto adoption, with an annual growth rate of 154%, but the Kingdom still lacks laws regulating crypto trading platforms. #BTC #Binance #السعودية $BTC
#الكريبتو

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🚨 Breaking News: BlackRock now owns 631,962 ⁦‪$BTC ‬⁩ worth 65 billion US dollars for the Bitcoin exchange-traded fund☝️🤴😎
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🚨🚨🚨 Report: Saudi Arabia is indirectly investing in cryptocurrencies. What's the story?

In a surprising move, the Saudi Arabian Monetary Authority (SAMA) recently revealed its significant stake in Strategies (NASDAQ:MSTB), formerly known as MicroStrategy, the largest institutional investor in Bitcoin. Strategies has made Bitcoin the primary reserve asset in its vaults in recent years. Therefore, the Saudi Central Bank's investment in Strategies gives it significant exposure to cryptocurrency assets, particularly Bitcoin. #BTC $BTC
#Binance #السعودية #العملات_البديلة #الكريبتو

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