Gulf International Bank holds $2.9 million in MicroStrategy, gains exposure to Bitcoin

Gulf International Bank (UK), backed by Saudi Arabia and based in London, disclosed a significant investment in MicroStrategy, the world’s largest corporate Bitcoin holder, according to its latest filing with the U.S. Securities and Exchange Commission (SEC). Gulf International Bank reported ownership of 19,842 shares in MicroStrategy as of the third quarter, a position valued at approximately $2.9 million at current market prices. MicroStrategy, led by Executive Chairman Michael Saylor, is widely recognized for holding the largest corporate cache of Bitcoin, currently amounting to 848,517 BTC following its most recent purchase on October 19.

Source: CoinTurk News