Saudi Arabia acquires 25,656 shares of Strategy, marking its first exposure of state reserves to Bitcoin.
The move demonstrates Saudi Arabia's leading activity in the crypto economy of the Middle East.
The Saudi Central Bank acquired shares in Strategy, a company focused on Bitcoin, holding 576,230 BTC worth ~$60 billion.
Saudi Arabia's crypto initiatives are part of Vision 2030, with a former member of the Saudi Shura Council emphasizing the need for unified regulatory procedures in the GCC nations.