Woofun AI reports that Goldman Lampe Private Bank, based in the UAE, has acquired Bitcoin (BTC) valued at approximately 120 million euros. This purchase occurred during a recent market correction, marking an expansion of the institution's digital asset portfolio following its earlier introduction of cryptocurrency time deposit products.

Chairman Abdullah Hamad Al Shamsi stated that the market correction offers institutions a chance to boost digital asset allocations. He asserted that Bitcoin will maintain its resilience as a store of value and strategic asset.