FeesSafety
Pluang+

Abu Dhabi firm SAC plans $1.5B real estate income to build Bitcoin reserve managed by Coinbase.

Market News
04 Nov 2026, 23:47 WIB
Crypto Briefing
View Source
Bullish
Abu Dhabi firm SAC plans $1.5B real estate income to build Bitcoin reserve managed by Coinbase.

Standard Asset Company (SAC), a new Abu Dhabi-based firm, aims to invest $1.5 billion over 10 years by buying income-generating UAE real estate and using the proceeds to build a Bitcoin reserve managed exclusively by Coinbase Asset Management. SAC's strategy involves quarterly reviews to adjust the allocation between real estate and Bitcoin, blending property income with digital asset growth. The firm, founded by experienced advisors, aligns with the UAE's push for institutional digital asset activity, but details on the exact split and Bitcoin yield strategies remain undisclosed. Investors should watch for SAC's first property acquisitions and Bitcoin purchase plans for clearer insights.

Standard Asset Company's $1.5 billion investment plan in Bitcoin and UAE real estate is presented here with Pluang's market data for context. As of Nov 05, 2026 04:51 WIB, 42 out of 50 major cryptocurrencies on Pluang rose today. Notable movers include XNO at Rp5.991 with a 3.79% increase and 100% buy order activity, and AXS at Rp15.895 with a 3.77% rise and full buy orders.

More News

Fox Factory names Troy Henige as new Chief Technology Officer to boost innovation and product development.

Fox Factory names Troy Henige as new Chief Technology Officer to boost innovation and product development.

Fox Factory Holding Corp. has appointed Troy Henige as its new Chief Technology Officer (CTO) to lead the company's technology vision, strategy, and product roadmap. This new role aims to enhance innovation, connect engineering strengths across the c...

Company Fundamentals
Bullish
2 hours ago
3M agrees to $7.35B settlement for PFAS exposure claims affecting up to 120,000 people.

3M agrees to $7.35B settlement for PFAS exposure claims affecting up to 120,000 people.

3M Company has reached a historic $7.35 billion settlement to resolve personal injury claims related to exposure to PFAS, toxic chemicals known as "forever chemicals." The settlement covers about 99% of existing claims, potentially benefiting 115,000...

Market News
Bearish
2 hours ago
Global e-learning market to reach $506.6B by 2032, growing 10.62% annually driven by corporate upskilling and digital access.

Global e-learning market to reach $506.6B by 2032, growing 10.62% annually driven by corporate upskilling and digital access.

The global e-learning market is projected to grow from $275.9 billion in 2026 to $506.6 billion by 2032, with a CAGR of 10.62% driven by rising internet connectivity, corporate upskilling demands, and government digital education initiatives. North A...

Market News
Bullish
3 hours ago
Goldman Sachs briefly surpasses 3% ownership threshold in Ontex shares before dropping below it.

Goldman Sachs briefly surpasses 3% ownership threshold in Ontex shares before dropping below it.

Goldman Sachs Group, Inc. disclosed that it briefly held a combined stake exceeding 3% in Ontex Group NV shares as of October 27, 2026, with 566,115 voting rights and 1,965,157 financial instruments. However, by October 28, 2026, their combined posit...

Market News
Neutral
5 hours ago
BNP Paribas reports total voting rights and shares as of October 31, 2026.

BNP Paribas reports total voting rights and shares as of October 31, 2026.

BNP Paribas announced its monthly declaration of voting rights and shares as of October 31, 2026. The bank reported a total of 1,101,600,607 shares and an equal number of voting rights. This update is part of regulatory compliance under French commer...

Company Fundamentals
Neutral
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App