Sovereign Wealth Fund Buying Spot Bitcoin on Dip Signals Institutional Confidence

2026-06-30 15:45

Woofun AI reports that MidChains CEO Basil Al Askari confirmed at least one sovereign wealth fund is increasing its spot Bitcoin holdings amid the current price decline. He added that another sovereign wealth fund may commence purchases in the coming weeks, a move intended to signal confidence to other institutions observing from the sidelines.

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