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Kosta Gushterov

Coinbase says Middle East sovereign funds are buying Bitcoin at a discount on June 9, 2026

On June 9, 2026, Coinbase's head of institutional strategy John D'Agostino said Middle East sovereign wealth funds and UAE-based family offices are buying Bitcoin at current valuations. He also pointed to a gap between a nearly 50% spot drawdown from the $126,000 peak and a 15% decline in Bitcoin ETF assets under management, suggesting larger allocators have largely held positions through the move. Bitcoin was trading at $63,655 at the time of writing.
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