Al Abraaj Restaurants Group adds Bitcoin to its treasury reserves.
The restaurant became the first publicly listed company in Bahrain to hold Bitcoin.
The Group partners with 10X Capital to build its Bitcoin treasury strategy and offer Shariah-compliant Bitcoin exposure to Islamic investors.
Al Abraaj Restaurants Group has become the first publicly listed company in Bahrain to adopt Bitcoin as part of its corporate treasury. The Bahrain-based company partnered with U.S. investment firm 10X Capital to integrate Bitcoin into its corporate reserves.
The move further confirms growing interest in crypto assets among institutions and may encourage more regional firms in the Gulf region to follow suit. Al Abraaj’s decision aligns it with global firms like Strategy (MicroStrategy) in the U.S. and Japan’s Metaplanet that have also added Bitcoin to their balance sheets.
Related: Singapore Gulf Bank Now Lets Personal Clients Use Crypto Alongside Forex in Bahrain
Partnership with 10X Capital
Per the details on X, Al Abraaj partnered with 10X Capital, a New York-based investment firm specializing in Bitcoin treasury services. 10X Capital previously advised Nak…
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