On April 11, 2024, user X (formerly Twitter) under the pseudonym Vivek4real_ wrote that an unknown state bought another 100 BTC and now has 59,007.92 BTC on its balance.
The undisclosed nation-state just bought another 100 #Bitcoin
They now own 59K Bitcoin 🤯 pic.twitter.com/kqflSrxFpK
— Vivek⚡️ (@Vivek4real_) April 10, 2024
Later, Max Keiser, advisor to the President of El Salvador, suggestedthat these assets may be on Qatar's balance sheet. He subsequently stated that the owner of the bitcoins was the United Arab Emirates.
Just got some new intel. . .
🇦🇪 Abu Dhabi is now the top contender. https://t.co/N76SvT35z6
— Max Keiser (@maxkeiser) April 11, 2024
Note that at the time of writing, the first cryptocurrency is trading near $70,750.
In November 2023, the UAE central bank published guidelines to combat unregistered digital asset service providers.
In March 2024, El Salvador's President Nayib Bukele said that the country would continue to invest in Bitcoin. She intends to buy 1 BTC per day until Bitcoin “becomes unavailable for purchase with fiat currency.”
Source: Cryptocurrency
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