Bloomberg: Abu Dhabi completes $520 million Bitcoin allocation

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On Bloomberg TV’s live broadcast, the host and analyst disclosed that the Abu Dhabi Investment Authority has allocated approximately $520 million worth of Bitcoin assets. When 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 size once expanding to more than three times the original amount.

Analysts believe that this operation is not a short-term trading activity but is integrated into 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.”

From a broader macro perspective, the entry of the Abu Dhabi Investment Authority is also seen as an important signal of Middle Eastern sovereign capital participation in crypto assets.

Bloomberg pointed out that, amid the phase of fluctuations in Bitcoin ETFs and weakening market sentiment, the allocation behavior from long-term funds provides additional credibility and structural support to the market.

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IELTSvip
· 01-04 06:54
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."
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