Phoenix Group, a bitcoin mining firm, has unveiled a $150 million digital asset treasury, marking the primary time an organization listed on the Abu Dhabi Securities Change (ADX) has established such a reserve.
Phoenix Group’s strategic bitcoin reserve
In accordance with a Thursday announcement, the newly shaped treasury includes 514 bitcoin and 630,000 Solana tokens, categorized because the miner’s “long-term reserve.”
Munaf Ali, co-founder and CEO, defined the corporate’s strategy:
“We consider within the long-term worth these networks characterize, and our treasury technique displays that perception.”
Phoenix Group’s transfer positions it on the forefront of institutional adoption of bitcoin and different digital belongings within the UAE.
The agency’s shares surged over 72% from April to June 2025, making it one of many most-traded and best-performing shares on the ADX in Q2.
Rising development amongst miners
A rising variety of bitcoin mining companies are diversifying their reserves.
BitMine Immersion Applied sciences, for instance, not too long ago introduced holdings of 625,000 Ether, accounting for 0.52% of the entire circulating ETH provide, as a part of a $1 billion inventory repurchase program.
Q2 income and mining efficiency
Phoenix Group reported $29 million in income for Q2 2025, with a complete of 336 BTC mined globally—214 BTC from self-mining.
This represents a 51% drop from Q1, however self-mining income has climbed 219% over two years, reaching $41.7 million for the primary half of 2025.
The corporate maintained a 31% gross profitability margin on self-mining and decreased power prices by 14%.
Monetary outlook
Regardless of reporting $16 million in debt and a non-cash lack of $29 million on account of digital asset revaluations and accounting changes, Phoenix Group anticipates a partial rebound in asset valuations in Q3.