Saudi central bank shifts to Bitcoin, stakes big on Strategy
Cryptopolitan 17 May 2025
The Saudi Central Bank has made an impressive shift to leading digital asset Bitcoin. According to a recent filing with the United States Securities and Exchange Commission (SEC), the bank now holds 25,656 shares in Strategy, one of the leaders in Bitcoin treasury reserve adoption ... Saudi central bank shifts to Bitcoin with Strategy stake ... This was the first time a Gulf sovereign wealth fund showcased its investment in a Bitcoin ETF.
Coinbase (COIN) remains 27% up in 5 days despite hack fears and SEC heat
Cryptopolitan 17 May 2025
Meanwhile, Bitcoin (BTC) remained marginally up over the last week ... The US’s biggest crypto exchange had disclosed that cybercriminals recently demanded $20 million in Bitcoin in exchange for stolen customer data ... Bitcoin cools at $103K while Nvidia rallies ... The announcement puts Nvidia at the center of a rapidly emerging AI hub in the Gulf, backed by Saudi Arabia’s $925 billion Public Investment Fund (PIF).