Tech News
LAST UPDATE: May 28, 2025
Bitcoin price surge encourages more companies to acquire crypto
Bitcoin’s price has surged by 50% since April, reaching an all-time high of $111,965. This rally has prompted a significant increase in corporate investment in cryptocurrencies, with the number of publicly listed companies holding Bitcoin rising from 89 to 113, collectively controlling over 800,000 bitcoins valued at $88 billion.
Insight
The surge in Bitcoin’s price has led to a wave of corporate investments in cryptocurrencies. Inspired by Strategy’s (formerly MicroStrategy) success, companies like Trump Media & Technology Group, Twenty One Capital, and Strive Asset Management are raising substantial funds to acquire Bitcoin. This trend reflects a growing belief in Bitcoin as a strategic asset. However, analysts caution that replicating Strategy’s success may be challenging due to market absorption limits and the need for sustained investor confidence.
Saudi Arabia seeks to use financial might to muscle into global AI industry
Saudi Arabia, through its state-owned AI company Humain, aims to become a major global player in the artificial intelligence sector. Backed by the $940 billion Public Investment Fund and chaired by Crown Prince Mohammed bin Salman, Humain plans to invest heavily in infrastructure and partnerships, including a $10 billion venture capital fund targeting AI startups across the US, Europe, and Asia.
Insight
Saudi Arabia’s ambitious investment in AI through Humain signifies its strategic shift towards economic diversification and technological leadership. By forging partnerships with major tech companies and investing in infrastructure, Saudi Arabia aims to position itself as a global AI hub. However, the success of this initiative will depend on effective execution, talent acquisition, and navigating geopolitical dynamics. The substantial financial commitment underscores the kingdom’s determination to reduce its reliance on oil and embrace the digital economy.
