And it is own by the Government of Singapore, and we all know that Singapore is one of the most crypto friendly countries. Interesting to see how much they are willing to invest on bitcoin though, it said they manage a net portfolio of $306 billion, that's huge, but I speculate that they could be just testing some grounds on bitcoin and could be investing in millions initially.
when the Singapore government has started to open wide space for bitcoin to enter the government environment, that way the public will have full support. and this good news is given appreciation for the government which is very excited to have large amounts of bitcoin. We are still waiting for the funds they will invest in bitcoin. because after all the government will not buy it in small quantities. the company has fulfilled the requirements when the government there gives authority over bitcoin ownership.