Saudi Arabia is indirectly investing in cryptocurrencies, so what’s the story??
In a surprising move, the Saudi Central Bank recently revealed that it holds significant stakes in "Stratifi" ((NASDAQ:MSTR)), formerly known as "MicroStrategy", which is the largest company in terms of institutional investment in Bitcoin. "Stratifi" has made Bitcoin the primary reserve asset in its coffers over recent years. Thus, the Saudi Central Bank's investment in "Stratifi" gives it substantial exposure to digital currency assets, especially Bitcoin.
According to media reports, the Saudi Central Bank's disclosure according to the U.S. Securities and Exchange Commission (SEC) Form 13F shows that it currently owns 25,656 shares in "MicroStrategy Inc." which has recently renamed itself to "Stratifi".
In a world characterized by rapid changes and significant shifts in financial policies, such as some central banks turning to adopt digital currencies as part of their reserves, possessing advanced analytical tools becomes a top necessity
#BinanceAlphaAlert #LaunchpadWars #BinancePizza #BinanceAlphaPoints #CryptoRegulation