MidChains CEO Basil Al Askari said sovereign wealth funds are accumulating spot Bitcoin, suggesting current price levels are attracting institutional buyers. According to ChainCatcher, Al Askari told Cointelegraph he has confirmed that at least one sovereign wealth fund has been building a Bitcoin position, and he expects a second fund could begin accumulating in the coming weeks.
Al Askari noted that sovereign wealth funds collectively control more than $13 trillion in assets and described the current lower price environment as an opportunity for large funds to enter the market.
MidChains CEO Says Sovereign Wealth Funds Are Accumulating Spot Bitcoin
2026-06-30 04:13:53
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