In a development stirring both market analysts and the crypto community, the Saudi Central Bank has disclosed its acquisition of 25,656 shares in MicroStrategy, recently rebranded as "Strategy." Known globally for its aggressive Bitcoin strategy, Strategy has amassed 568,840 BTC—valued at over $68 billion—making it the largest corporate holder of Bitcoin.
By purchasing shares in Strategy, the Saudi Central Bank has effectively taken an indirect position in Bitcoin, aligning with a broader trend of reserve diversification among central banks.
This investment was revealed through a 13F filing with the U.S. Securities and Exchange Commission, marking a subtle yet significant shift in how central banks perceive digital assets. The move drew attention across social media, with many interpreting it as a strategic endorsement of Bitcoin's long-term value. Though Strategy’s stock (MSTR) fell nearly 5% on Thursday to close at $397, market observers suggest the implications of this central bank-level engagement with crypto could be far-reaching.
While traditional central bank reserves have long centered on gold and U.S. dollars, the global financial landscape is shifting. Countries such as the United States, the United Kingdom, El Salvador, Iran, and Bhutan have already declared some form of Bitcoin holdings within their sovereign or central bank reserves. Norway’s sovereign wealth fund previously adopted a similar strategy, investing in crypto-aligned firms like MicroStrategy, Coinbase, and Metaplanet.
With this latest move, the Saudi Central Bank—formerly the Saudi Arabian Monetary Authority (SAMA)—joins a select group of forward-leaning institutions making early bets on digital assets. The decision could signal rising institutional confidence in Bitcoin as a reserve alternative, even as it stirs debate over volatility and leveraged crypto strategies like those championed by MicroStrategy’s executive chairman Michael Saylor.
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