Saudi Central Bank Invests in Bitcoin via MicroStrategy, Fueling Market Surge

Saudi Arabia’s central bank has made a bold move by investing $10.2 million in MicroStrategy, a company renowned for its substantial Bitcoin holdings. This investment was announced on May 16th, 2025, marking a significant shift in the Kingdom’s financial strategy and fueling global market speculation. The announcement sparked immediate price reactions across major cryptocurrencies, with Bitcoin surging past $105,000, Ethereum seeing gains of over 3%, and Dogecoin experiencing a notable 5% surge.