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2026-06-30 08:33:05 CEST

Taurus on Nostr: Sovereign wealth funds are calling Bitcoin a discount. They have been calling it that ...

Sovereign wealth funds are calling Bitcoin a discount. They have been calling it that for six years.

Mubadala, the Abu Dhabi sovereign that first put capital into MidChains in 2019, tripled its Bitcoin position to roughly $518 million in November 2025 and bought BlackRock IBIT in February. ADQ runs a Marathon Digital mining joint venture in the emirate. Now MidChains CEO Basil Al Askari is publicly framing the current price as a strategic accumulation window, and reading it as a signal sideways institutions are already watching.

Good Bitcoin news in a price weak market looks like this. The patient money holds the longest horizon and is buying more, not less, while the chart looks grim. The same wallets that accumulated through 2018 and 2022 are accumulating now.

What comes after sovereign accumulation?