Bloomberg: Abu Dhabi Completes $520 Million Bitcoin Allocation Summary

The Abu Dhabi Investment Authority has allocated approximately $520 million in Bitcoin assets, demonstrating its commitment to a long-term investment strategy and asset diversification. This move is seen as Middle Eastern sovereign capital's participation in crypto assets, while also providing additional support and credibility to the market. During a Bloomberg TV live broadcast, the host and analysts revealed that the Abu Dhabi Investment Authority has allocated about $520 million in Bitcoin assets. Reviewing its accumulation path, the program pointed out that the institution continued to increase its holdings in the weeks and even months before the sell-off, with the overall position once expanding to more than three times its original size. Analysts believe this operation is not a short-term trading activity but part of its overall investment portfolio. The program further mentioned that Abu Dhabi has been continuously promoting asset diversification in recent years and views Bitcoin as one of the long-term allocation tools akin to "digital gold."