According to the 13F filings with the U.S. Securities and Exchange Commission (SEC), as of the end of September 2026, Gulf International Bank (UK) held 19,842 shares of Strategy stocks that were linked to Bitcoin. The bank maintained the same number of shares in the third quarter and continued to acquire exposure to Bitcoin indirectly, rather than purchasing the cryptocurrency directly.
The shares held by this bank, headquartered in London, were valued at approximately $3.04 million at the end of the quarter. Based on current estimates, its market value is around $2.9 million. These figures refer to the value of its holdings of Strategy stocks, not the Bitcoin that the bank directly holds.
Its association with the government comes from Saudi Arabia's sovereign wealth fund – the Public Investment Fund ( PIF ).
Gulf International Bank's investments linked to Bitcoin can be traced back to 2024.
Gulf International Bank first disclosed its holding of Strategy shares in the second quarter of 2024. At that time, it held 1,285 shares of MicroStrategy, worth approximately $1.77 million. After the company's 1-for-10 stock split in August 2024, this number of shares equivalent to 12,850 shares.
As of June 2025, the position held 12,774 shares, valued at approximately $5.16 million, which represented the highest quarterly end valuation reported for that position. By the end of 2025, the number of shares held had increased to 13,249, with a value of about $2.01 million.
In the first quarter of 2026, it expanded this position by acquiring an additional 6,958 shares, bringing the total to 20,207 shares, which represents an increase of about 53%. Subsequently, in the second quarter, it sold 365 shares, reducing its holdings to 19,842 shares; as of the end of June, the value of these holdings was approximately $1.72 million. Documents from the third quarter show that there were no further changes in the number of shares held.
Therefore, the Bitcoin-related investments of Gulf International Bank are still stock holdings in Strategy. The current Michael Saylor is the Executive Chairman of Strategy. Strategy is the company that holds the most Bitcoin in the world; according to its latest purchase report 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 has been reviewed by an editorial team.
