UAE's SAC launches $1.5B bitcoin and real estate strategy with Coinbase
- —SAC established its headquarters in Abu Dhabi
- —The strategy totals $1.5 billion
- —Coinbase Asset Management will exclusively manage the bitcoin reserve
- —Real estate income is meant to complement returns from the BTC holdings
Why it matters: The deal links UAE institutional real estate with Coinbase's bitcoin custody and deepens crypto's presence in the region.
Source: PANews
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