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TronWeekly

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Saudi Stake in Strategy Sparks New Debate on Central Bank Crypto Role

  • The Saudi Central Bank has disclosed holding 25,656 shares in Strategy Inc., formerly known as MicroStrategy, linking it to Bitcoin exposure through Strategy's substantial crypto holdings.
  • Strategy, holding 568,840 Bitcoin valued at around $68 billion, is positioning itself as a key player in the institutional adoption of Bitcoin by maintaining significant reserves.
  • This investment aligns with a broader shift in diversifying sovereign financial assets as the Saudi Central Bank indirectly benefits from Bitcoin's performance without direct purchases.
  • The move reflects a global trend toward including Bitcoin in sovereign reserves, with countries like El Salvador, Iran, Bhutan, and the UK integrating digital assets into their financial systems.

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