Central Bank of Saudi Arabia announces Bitcoin strategy
The Saudi Central Bank has disclosed a holding of 25,656 shares in Strategy (formerly MicroStrategy), signaling its first confirmed move into Bitcoin-linked assets.
The revelation, made in a recent U.S. SEC filing, grants the oil-rich kingdom indirect exposure to Bitcoin through one of the asset’s most aggressive institutional accumulators, reports Cryptopolitan.
With Strategy controlling over 500,000 BTC—worth roughly $68 billion—this stake marks a notable pivot by Saudi Arabia from traditional reserves to digital alternatives.
The decision aligns with Saudi Arabia’s broader diversification efforts amid declining enthusiasm for further oil production cuts. By tying sovereign wealth to Bitcoin, the kingdom appears to be hedging against volatility in global energy markets and signaling openness to modern financial instruments.
Digital currency engagement deepens across Gulf states
Saudi Arabia’s latest move follows its participation in a 2024 China-led central bank digital currency (CBDC) trial, suggesting a growing willingness to embrace decentralized finance. The kingdom joins a growing list of nations and institutions reshaping their reserve strategies to include crypto. Neighboring UAE’s sovereign wealth funds, including Mubadala and ADQ, have also increased Bitcoin exposure, with Mubadala disclosing a $408 million stake in BlackRock’s IBIT ETF and ADQ partnering with Marathon Digital on domestic mining operations.
This regional momentum reinforces the Gulf’s ambition to become a hub for blockchain innovation and digital asset adoption, challenging the West’s early dominance in institutional crypto finance.
Strategy doubles down as markets weigh the risks
Strategy’s leadership, under Chairman Michael Saylor, continues to bet heavily on Bitcoin. The company recently unveiled plans to raise its capital allocation for BTC purchases to $84 billion, reaffirming its role as the leading corporate holder of the asset. While the move has energized some investors, others remain wary. Strategy’s stock fell 5% to $397 on May 15 and continued a slight slide to $393 amid concerns about leverage and market volatility.
Despite near-term pullbacks in BTC and gold, analysts suggest Bitcoin’s long-term potential—combined with increasing institutional demand—could fuel more central banks to follow Saudi Arabia’s lead. As traditional financial models face scrutiny, digital reserves are no longer fringe ideas—they’re becoming a strategic hedge on the future.
Recently we wrote that Panama City Mayor Mayer Mizrachi has sparked speculation over a possible municipal Bitcoin reserve after posting the phrase “Bitcoin Reserve” to social media on May 16.
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