Is Saudi Arabia officially entering the world of Bitcoin?
An official report revealed that the Saudi central bank (SAMA) purchased 25,656 shares in MicroStrategy, the largest company in the world in terms of Bitcoin ownership!
The value? About 25 million dollars.
This step means that SAMA has started to move indirectly to benefit from the rise of Bitcoin, and this is through one of the most closely related companies to this digital currency.
The question here:
Is this a precursor to a broader entry of the kingdom into the crypto market?
Or is this just a smart investment step to mitigate risks?
Stay tuned... the coming days will clarify a lot!