U.S. Securities and Exchange Commission (SEC) Form 13F filings show that as of the end of September 2026, Gulf International Bank (UK) held 19,842 shares of Strategy stock linked to bitcoin. The bank maintained its position size during the third quarter, continuing to gain exposure to bitcoin indirectly rather than purchasing the cryptocurrency directly.
The value of the bank's holdings, headquartered in London, was approximately $3.04 million at the end of the quarter. Based on current estimates, its market value is approximately $2.9 million. These figures represent the value of its Strategy stock holdings, not the bank’s direct Bitcoin holdings.
Its connection to the government stems from Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF).
Gulf International Bank's Bitcoin-linked investments date back to 2024.
Gulf International Bank first disclosed its holdings of MicroStrategy stock in the second quarter of 2024, when it owned 1,285 shares valued at approximately $1.77 million. After the company’s 1-for-10 stock split in August 2024, this position equated to 12,850 shares.
By June 2025, the bank held 12,774 shares valued at approximately $5.16 million, representing its highest quarterly-end valuation for this position. By the end of 2025, its holdings increased to 13,249 shares, valued at approximately $2.01 million.
In the first quarter of 2026, this institution increased its position by purchasing 6,958 additional shares, raising its holdings to 20,207 shares—an increase of approximately 53%. It then sold 365 shares in the second quarter, reducing its stake to 19,842 shares; as of the end of June, this position was valued at approximately $1.72 million. Filings for the third quarter show no further changes in the number of shares held.
Therefore, Gulf International Bank’s Bitcoin-related investments remain part of MicroStrategy’s stock holdings. Michael Saylor is currently the Executive Chairman of MicroStrategy. MicroStrategy is the company with the largest Bitcoin holding globally; according to its most recent purchase reported on October 19, 2026, the company’s total cryptocurrency holdings amount to 848,517 BTC.
This article was completed with the assistance of artificial intelligence and reviewed by the editorial team.