MidChains CEO says at least one sovereign wealth fund is accumulating spot Bitcoin at a discount

Odaily reported that Basil Al Askari, CEO of MidChains, said that "at least one" sovereign wealth fund is increasing its spot Bitcoin holdings during the price decline, and another sovereign wealth fund may start buying in the coming weeks. He stated that this sends a very clear signal to other institutions that may still be on the sidelines and view these large funds as leaders in this asset class. (Cointelegraph)