Saudi Government-Owned Bank Reaffirms $2.9 Million Bitcoin Bet

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Gulf International Bank (UK), a London-based bank backed by Saudi Arabia, reported holding 19,842 Strategy shares at the end of September 2026, with an estimated value of $2.9 million. Its stake, valued at $3.04 million during the third quarter, was unchanged during the period. The bank had already held shares in MicroStrategy, Strategy’s former name, since 2024 before substantially increasing its position in the first quarter of 2026. It then sold 365 shares in the second quarter, bringing its holdings back to 19,842 shares. The investment gives the bank indirect exposure to Bitcoin, which Strategy is the largest corporate holder of with 848,517 units.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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