Saudi Government-Owned Bank Reaffirms $2.9 Million Bitcoin Bet

Saudi Arabia-backed Gulf International Bank (UK) reveals multimillion-dollar investment in the world's largest corporate Bitcoin holder. As per a U.S. Securities and Exchange Commission (SEC) Form 13F filing, Gulf International Bank (UK), based in London, reported having 19,842 shares of Strategy at the end of September. As of the third quarter, Gulf International Bank's shares in Strategy were worth about $3.04 million, though the current market estimates the value to be around $2.9 million. This is not the first investment in Bitcoin by the bank. In fact, Gulf International Bank (UK) has had a Strategy holding since 2024.