Saudi Arabia’s Central Bank Invests in MicroStrategy: Signals Growing Interest in Bitcoin

The Saudi Arabian Central Bank has publicly confirmed ownership of 25,656 shares in MicroStrategy Inc., a move revealing their growing interest in Bitcoin. This investment marks the kingdom’s increased engagement with cryptocurrencies, especially as Microstrategy is known for its significant holdings of Bitcoin. The company’s stock price has reached new highs this year thanks to institutional investors like MicroStrategy and its aggressive Bitcoin acquisition strategy.