Sovereign fund sold gold and FX reserves to fund Bitcoin allocation
- —One sovereign fund sold gold and FX reserves to fund a Bitcoin allocation
- —None of the 15 institutions cut holdings as BTC fell from $125,000 to $60,000
- —Allocations in the survey ranged from 0.5% to 13%, mostly 1–2%
- —Abu Dhabi state investors hold about $760 million in a US spot Bitcoin ETF
Why it matters: Early sovereign moves set a template for conservative institutions and add demand for Bitcoin's fixed supply.
Source: Bitcoin Insider