Standard Asset Company, an Abu Dhabi-based investment firm, has unveiled a $1.5 billion strategy combining income-producing real estate in the UAE with a long-term Bitcoin reserve. The company appointed Coinbase Asset Management as the exclusive manager of its Bitcoin holdings, led by president Anthony Bassili, a former BlackRock executive. Its generate-retain-redeploy model calls for hospitality and branded residence income to support the reserve, with capital potentially shifting between real estate and Bitcoin depending on market conditions. SAC has not disclosed how much Bitcoin it holds or plans to buy, nor how capital will be split between the two asset classes.
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