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Bahrain-based AlAbraaj Restaurants adopts Bitcoin treasury strategy

  • Al Abraaj Restaurants Group, based in Bahrain, became the first publicly listed Middle Eastern company to add Bitcoin to its treasury in May 2025.
  • The company highlighted that after conducting internal evaluations, its actions adhere to Central Bank of Bahrain regulations and demonstrate interest in Shariah-compliant financial solutions for authorized Bitcoin access.
  • Al Abraaj purchased 5 Bitcoin and partnered with New York-based 10X Capital to expand holdings and link Bitcoin units to its shares, following Tesla and MicroStrategy's example.
  • Hans Thomas, CEO, explained that now that Bitcoin has been added to the company's assets, investors across the Gulf Cooperation Council region with access to brokerage platforms can obtain cryptocurrency exposure by investing in a publicly traded stock.
  • This move signals a regional shift toward integrating digital assets in corporate treasuries, potentially encouraging Gulf firms to reconsider financial strategies in the next 5-10 years.
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Coinfomania broke the news in on Thursday, May 15, 2025.
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