Saudi Central Bank Invests Indirectly in Bitcoin via Strategy Holdings

The Saudi Arabian Central Bank has revealed a surprising investment strategy, indirectly disclosing ownership of Bitcoin through their stake in the firm ‘Strategy’. This move signifies a significant step towards increased cryptocurrency adoption within the financial world. The central bank holds 25,656 shares in Strategy, which represents an indirect investment in Bitcoin. The disclosure marks one of the first instances where a sovereign institution has openly acknowledged holding such exposure to cryptocurrencies. This highlights the growing trend of institutional investors showing interest in Bitcoin and its potential as a primary investment asset.