MidChains CEO Says at Least One Sovereign Wealth Fund Is Buying Spot Bitcoin on the Dip

Odaily reported that Basil Al Askari, CEO of MidChains, said that "at least one" sovereign wealth fund is increasing its holdings of spot Bitcoin during the price decline, while 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)