1Wk·

Abu Dhabi's sovereign wealth fund invested $436 million in Bitcoin last quarter!

The game theory continues and the next state actor has jumped on the $BTC (+0.77%) bandwagon🚀

The world's third-largest sovereign wealth fund with AUM of USD 1.057 trillion invested USD 24,436 million in Q4 $IBIT invested.

This was revealed in a 13F filing with the SEC:

https://www.sec.gov/Archives/edgar/data/1704268/000108514625001478/xslForm13F_X02/infotable.xml

www.sec.govSEC.gov | Request Rate Threshold Exceeded

4 Comments

Nic@Kater

1Wk

Savings book only 🇩🇪 💪

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market_genius_1712@market_genius_1712

1Wk

@Kater 😂

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Chris@Psychedelic_Sunflower

Sounds good for Bitcoin at first. But where will this lead if a few large companies, funds and states hold the majority of the coins and they just sit there and nothing happens to them? It somehow sounds like a total standstill. I mean, not many more coins are being added. Won't the whole thing become unattractive if no more BTC is available?

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DerMartin@DerMartin

@Psychedelic_Sunflower Supply falls, demand rises, price rises. That's the theory...

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