Sources: At least one sovereign wealth fund is adding to its spot Bitcoin holdings on the dip.
1 hours ago
MidChains CEO Basil Al Askari stated that "at least one" sovereign wealth fund is adding to its spot Bitcoin holdings amid the price downturn, while another sovereign wealth fund may begin buying in the coming weeks. He noted this sends a very clear signal to other institutions that might still be on the sidelines, as they view these large funds as leaders in the asset class. MidChains is a regulated cryptocurrency trading platform based in Abu Dhabi, backed by sovereign wealth fund Mubadala. Prior to founding MidChains, Askari worked in the private equity team of Mubadala Capital, the Abu Dhabi sovereign wealth fund, and held roles in GE Capital’s commercial finance teams across the US, UK, and UAE, with extensive experience in financial investment and operations.
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