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Sources: At Least One Sovereign Wealth Fund Increasing Spot Bitcoin Holdings Amid Price Decline

AirdropBlackHole
On June 30, MidChains CEO Basil Al Askari stated that "at least one" sovereign wealth fund is increasing its holdings of spot Bitcoin during the price decline, with another fund potentially starting to buy in the coming weeks. He noted that this sends a very clear signal to other institutions that may still be on the sidelines and view these large funds as leaders in this asset class. MidChains is a regulated crypto trading platform in Abu Dhabi, supported by the sovereign wealth fund Mubadala. Prior to founding MidChains, Askari worked in the private equity team at Mubadala Capital and held positions in the commercial finance team at GE Capital in the U.S., U.K., and UAE, bringing extensive experience in financial investment and operations.
BTC-0.59%
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