The Saudi Central Bank has recently unveiled an investment in a Strategy, an American development company. After the investment, the bank got its first indirect exposure to Bitcoin. The bank made a filing on May 16 with the US Securities and Exchange Commission in which it mentions that it now
This past week has been centered around the USA’s worldwide tariff negotiations. While the crypto market took its biggest hit on Monday, it has spent the two days struggling to stage a rebound. However, at the time of the press, the market has not yet recovered. On a positive note,
Strategy has again increased its Bitcoin holdings, breaking the 500,000 BTC barrier and cementing itself as the biggest corporate Bitcoin holder. Strategy reported the purchase of 6,911 BTC on March 24 in an SEC filing for $584.1 million at a mean price of $84,529 per coin. This places its total
Several U.S. states, including California, Florida, Wisconsin, and North Carolina, are making significant moves by investing in Strategy stock formerly known as MicroStrategy as a way to gain indirect exposure to Bitcoin. With Strategy’s aggressive Bitcoin acquisition strategy driving its stock performance, state pension funds and treasuries see this as
