Gulf International Bank’s Bitcoin investment remains tied to 19,842 Strategy shares

Gulf International Bank (UK)’s Bitcoin-linked investment stood at 19,842 Strategy shares at the end of September 2026, a US Securities and Exchange Commission (SEC) Form 13F filing shows. The Saudi government-backed bank kept its share count unchanged during the third quarter, retaining indirect exposure to Bitcoin rather than buying the cryptocurrency itself.

The London-based bank’s stake was valued at approximately $3.04 million at the quarter’s end. Its current estimated market value is around $2.9 million. Those figures describe the value of its Strategy shares, not Bitcoin held directly by the bank.

The government connection runs through Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF).

Gulf International Bank’s Bitcoin-linked investment dates to 2024

Gulf International Bank first reported a Strategy holding in the second quarter of 2024. It then owned 1,285 shares of MicroStrategy, valued at approximately $1.77 million. Following the company’s 10-for-1 stock split in August 2024, that share count would have represented 12,850 shares.

By June 2025, the bank held 12,774 shares worth about $5.16 million, the highest quarter-end valuation it has reported for the position. At the end of 2025, its holding had reached 13,249 shares, while its value stood at approximately $2.01 million.

The bank expanded the position in the first quarter of 2026, adding 6,958 shares to reach 20,207. That represented an increase of about 53%. It then sold 365 shares in the second quarter, leaving the 19,842-share position valued at approximately $1.72 million at the end of June. The third-quarter filing records no further change in the share count.

Gulf International Bank’s Bitcoin investment therefore remains an equity holding in Strategy, where Michael Saylor serves as Executive Chairman. Strategy is the world’s largest corporate Bitcoin holder; following its latest purchase, reported on October 19, 2026, its cryptocurrency holdings totaled 848,517 BTC.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.