The Central Bank of Saudi Arabia has disclosed information about its stake in the company Strategy (formerly MicroStrategy), indirectly associating itself with Bitcoin - the largest cryptocurrency in the world.
The bank reported ownership of 25,656 shares of Strategy, a company widely known for its aggressive accumulation of Bitcoin under the leadership of Executive Chairman Michael Saylor.
Currently, Strategy owns 568,840 BTC, valued at approximately $68 billion, making it the largest institutional holder of Bitcoin in the world. This move effectively positions the Central Bank of Saudi Arabia, also known as the Saudi Arabian Monetary Authority (SAMA), among a small but growing list of state financial institutions that have indirect or direct involvement with crypto assets.
