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Saudi Government-Owned Bank Reaffirms $2.9 Million Bitcoin Bet

U.Today·October 22, 2026·1 min read
Saudi Government-Owned Bank Reaffirms $2.9 Million Bitcoin Bet

Saudi Arabia-backed Gulf International Bank (UK) has disclosed a $3 million stake in Michael Saylor's Strategy, giving the bank indirect exposure to Bitcoin through the world's largest corporate holder of the cryptocurrency. The move reaffirms the bank's $2.9 million Bitcoin bet.

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