In a strategic move, the Saudi Central Bank has revealed its indirect exposure to Bitcoin $BTC by acquiring shares in Strategy (formerly MicroStrategy), the world’s largest corporate holder of Bitcoin. According to SEC filings, the bank now holds 25,656 shares in the company, marking a significant step in diversifying its national asset portfolio.
Strategy currently holds over 568,000 Bitcoins $BTC , valued at approximately $68 billion, making Bitcoin its primary treasury reserve asset. This cautious entry into the crypto market reflects growing institutional interest in digital assets.
The news has sparked attention across the crypto community, with many seeing it as a positive signal for broader adoption. However, Strategy’s stock (MSTR) has remained volatile, dropping nearly 5% recently amid ongoing debates over institutional crypto investment risks.
This move places the Saudi Central Bank among a growing list of global financial institutions and sovereign entities exploring indirect cryptocurrency exposure, joining countries like Norway, El Salvador, and Bhutan in integrating crypto into their investment strategies.
