The Abu Dhabi royal household has constructed a bitcoin reserve exceeding $700 million, generated by means of direct state-controlled mining operations fairly than market purchases or seizures.
Based on a current report by Arkham Intelligence, the United Arab Emirates (UAE) at the moment holds 6,333 BTC, highlighting a strategic shift in how the oil-rich nation manages wealth.
Royal mining operation controls bitcoin manufacturing
Arkham Intelligence recognized wallets labeled as belonging to the UAE authorities, noting that in contrast to the US and UK, whose bitcoin reserves primarily come from regulation enforcement asset seizures, the UAE’s holdings derive from mining operations with Citadel Mining.
The report said:
The UAE’s $700M BTC holdings at the moment are labeled on Arkham. Not like the US and UK, the UAE’s holdings don’t come from police asset seizures however from mining operations with Citadel Mining.
Citadel Mining operates an 80,000-square-meter facility on Al Reem Island.
Its complicated possession construction—majority-owned by 2pointzero, which is absolutely owned by Worldwide Holding Firm (IHC), itself managed by the Abu Dhabi royal household—cements state management over the nation’s bitcoin manufacturing.
On-chain information and satellite tv for pc imagery verify the UAE’s direct involvement in mining.
Turning oil wealth into digital belongings
This strategy demonstrates a deliberate coverage of changing “oil cash” into “digital cash” by mining and holding bitcoin.
Not like most governments with static reserves, the UAE has established a rising mechanism, permitting it to develop its bitcoin holdings frequently.