UAE Reportedly Holds $700M in Mined Bitcoin: Arkham

The United Arab Emirates holds over $700 million in Bitcoin

The United Arab Emirates has emerged as one of the largest state-linked Bitcoin holders in the world, with cryptocurrency intelligence platform Arkham labeling over $719 million in BTC tied to the UAE Royal Group’s mining operations. Unlike the U.S. and U.K. whose sizable Bitcoin reserves primarily stem from law enforcement seizures, the UAE’s BTC stash originates from large-scale mining. Citadel Mining has mined roughly 9,300 BTC since 2022, of…

UAE Holds $700M In Mined Bitcoin, Arkham Data Reveals

Key Insights: UAE holds $700 million worth of Bitcoin from mining. Arkham identifies the UAE as the 4th largest government Bitcoin holder. The mining facility on Al Reem Island operates through a royal family ownership structure. Arkham reports that the UAE holds $700 Million in Bitcoin purchased through government-backed mining operations rather than asset seizures. UAE ranks as the fourth-largest government Bitcoin holder on Arkham’s platform…

UAE identified as holding $700M in Bitcoin from mining operations

According to blockchain analytics platform Arkham Intelligence, the United Arab Emirates holds about $700 million in Bitcoin. Arkham traced the mining activity to Citadel Mining, which it said was established in Abu Dhabi in 2022. Based on Arkham’s report and estimates from BitBo, the UAE ranks sixth among sovereign Bitcoin holders. The United Arab Emirates holds about $700 million in Bitcoin, primarily accumulated from mining operations, accord…

Not Bought, Not Seized: UAE Mines $700 Million Bitcoin Stash

Bitcoin (BTC) mined by the UAE’s state-backed operation totals $700 million, setting a new global trend. Citadel’s mining operation makes the UAE the fourth-largest government holder of Bitcoin globally. The UAE’s long-term strategy holds 6,300 BTC, challenging traditional government Bitcoin acquisition methods. The United Arab Emirates (UAE) has acquired a stash of Bitcoin valued at about $700 million as part of an unusual strategy. The UAE’s s…

UAE Government Revealed To Hold 6,300 Bitcoin Worth $700M - FinanceFeeds

The United Arab Emirates government has been identified as holding approximately 6,300 Bitcoin (BTC), valued between $700 million and $740 million, according to blockchain intelligence firm Arkham. The discovery places the UAE among the largest sovereign holders of Bitcoin, marking a major milestone in the country’s ongoing push to position itself as a global leader in digital assets. Arkham’s analysis tied on-chain wallets to government-backed …

UAE reportedly holds $700M in mined Bitcoin: Arkham

Bitcoin wallets reportedly owned by the United Arab Emirates hold around $700 million in Bitcoin, according to Arkham Intelligence.