In a rare move indicating shifting global reserve strategies, the Saudi Central Bank has revealed an investment in Strategy (formerly MicroStrategy), granting the Kingdom its first indirect exposure to Bitcoin, the world’s largest cryptocurrency by market cap.
A May 16 filing with the U.S. Securities and Exchange Commission (SEC) reveals that the Saudi Central Bank holds 25,656 shares in Strategy, the world’s largest corporate Bitcoin holder.
As previously reported by CryptoNews, Strategy owns 568,840 BTC, valued at nearly $60 billion.
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