SAC, a company from the United Arab Emirates, announced a partnership with Coinbase: to implement a $1.5 billion Bitcoin and real estate investment strategy

According to Bitcoin News, the UAE company Standard Asset Company (abbreviated as SAC) has established its headquarters in Abu Dhabi and announced a $1.5 billion investment strategy in Bitcoin and real estate.

The company plans to acquire income-generating real estate in the UAE while establishing a Bitcoin reserve exclusively managed by Coinbase Asset Management. This strategy aims to generate income through real estate and obtain additional returns from the managed Bitcoin holdings.