According to market news, Gulf oil-producing countries such as Saudi Arabia, the UAE or Qatar may be purchasing Bitcoin at the sovereign level. The relevant sovereign funds may disclose relevant information during the Abu Dhabi Bitcoin Summit from December 9 to 10. At present, the total asset management scale of Saudi PIF, UAE ADIA and Qatar QIA has exceeded 2 trillion US dollars. As the total market value of Bitcoin has surpassed Saudi Aramco, the world's largest oil company, Saudi Arabia has attracted much attention as the largest oil producer in the Gulf region. As the world's largest sovereign wealth fund holder, the investment trends of Gulf oil-producing countries will have an important impact on the global crypto asset market. At the same time, as the host of the upcoming Bitcoin Conference, the UAE is also considered likely to participate. In addition, there have been recent market rumors that Qatar may also make sovereign investments. (protos)