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Key with you:
- The share of the central bank in the Saudi central bank in the strategy provides indirect exposure to 568 840 BTC.
- This step reflects the Norwegian Sovereign Fund for the Krypto Exposition.
- Saudi Arabia leads Mena in crypto growth (154% year -on -year), but lacks exchanges.
In a rare step, the Saudi Central Bank revealed the investment in the strategy (formerly Microsthegy), and the kingdom provided the first indirect Bitcoin exposition, the largest cryptocurrency in the world by the market ceiling.
16. May submission With the US Securities and Stock Exchange Commission (SEC), the Saudi Central Bank shows 25,656 strategy shares, the largest bitcoin holder in the world.
As before reported Cryptonews, The strategy owns 568 840 BTC, worth almost $ 60 billion.
Why is Saudi Arabia now rotating the Bitcoin exposition?
Traditionally, central banks preferred gold and US dollars as reserve assets.
11 trillion dollars Blackrock says central banks want to buy #Bitcoin
It is happening !!! pic.twitter.com/ynbzad5eba
– Vivek
(@Vivek4real_) 4th May 2025
Nevertheless, Saudi Arabia seems to be in the middle of global shifts towards innovation and decentralization examines a hybrid approach and compensates for stability with the possibility of digital assets.
This investment reflects the strategy of the Norwegian sovereign Fund for rich wealth that holds shares in cryptomoral companies such as Coinbase and Strategies to gain market exposure without holding bitcoins directly.
According to Bitcoins TreasuresMore than a dozen countries, including Salvador, Ukraine, Bhutan and the United States, now have bitcoins exposure through sovereign or central shares.
Middle East Adoption to Adoption: Saudi Arabia leads Crypto Charge Mena
The investment comes in the middle of rapid adoption of crypto in the Middle East, especially in Saudi Arabia. Bitget Research revealed that the region exceeded 500,000 average daily crypt traders in February 2024.
Saudi Arabia recorded 129,397 daily Krypto users at its peak. This number exceeded 106 1111.11.
According to chainlysis’ 2024 Mena messageThe crypto economy of the kingdom is expanding faster than any other in the region, which means 154% annual growth in the second equal year.
The Earth Momentum is powered by interest in Blockchain innovation, CBDC survey, integration of games and the wider development of Fintech, all of which are in line with Vision 2030 to modernize and diversify their economy.
GCC nations are fighting with a united crypt policy
Saudi Arabia, like other GCC nations, did not perform a complete regulatory system for cryptocurrency operators. While the adoption rate is rising, no domestic exchanges do not work under regulatory supervision. This control gap continues despite the growing market activity.
IHSan Buhulaiga, a respected economist and former member of the Saudi Shura Council, recently, recently, required regulatory alignment of GCCWarning that fragmented policies risk undermining regional competitiveness.
Even without a comprehensive control framework of virtual assets, Saudi Arabia takes place forward.
For example, in June 2024 the Saudi Central Bank joined the MBridge initiativeCross -border payment network CBDC designed for international oil trade between China and Saudi Arabia.
Will Saudi youth accelerate the acceptance of a crypt?
The invasion of Saudi Arabia in bitcoins coincides with the increased interest of traditional financial giants. Goldman Sachs and Rothschild recently expanded Riyadh operations. Goldman headed by three tokenization projects around the world.
The young population of Saudi Arabia controls its crypt transformation. Almost two -thirds of Saudi are under 30 years of age. They quickly accept technology, making them ideal for blockchain and digital currencies.
Saudi Arabia: 34.4 million people, 1.14T GDP, 92% urban and young populations that increase crypto growth.
The Vision 2030 supports adoption that the KSA is ready as a powerhouse web3.
With a middle age of 29 years, this crowd is young, involved and vibration with #Chillguy
#Crypto… pic.twitter.com/gqesqgn62h
– 𝘽𝙖𝙡𝙙𝙧 (@Raptorj69) May 14, 2025
Strong institutional support and flexible policies intensify this advantage. Together they place Saudi Arabia as a future leader in global adoption of crypto.
Frequently asked questions (FAQ)
Does Saudi Arabia recognize cryptocurrency?
Since December 2024, Saudi Arabia has not adopted specific cryptocurrency regulations. This means that there is no formal legal recognition of cryptocurrencies in the kingdom.
Does investment in the Saudi Arabia strategy suggest future direct bitcoin holding?
No one knows, but it’s unlikely. The central bank has invested in a public company, so the share is an indirect Bitcoin exposure. It is more of an experiment than a complete confirmation of the bank.
Contribution The Saudi Central Bank provides an exposition of bitcoins 60 B 60 B through a strategic share He appeared for the first time Cryptonews.
