🏦 Al Abraaj Restaurants Group: The First Public Bitcoin Vault in the Middle East

Bahrain’s Al Abraaj Restaurants Group has become the first publicly traded company in the region to add Bitcoin to its corporate balance sheet. The company acquired 5,782,279,021.24 and announced its intention to make the cryptocurrency a primary reserve asset.

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📌 What is known?

◾️ Al Abraaj is a profitable company with an EBITDA of $12.5 million in 2024.

◾️ The partnership with 10X Capital aims to further increase Bitcoin reserves and create Sharia-compliant financial instruments.

◾️ The company plans to raise additional capital to increase the BTC per share.

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📊 Current Price

Bitcoin (36,357,791,310): $103,742

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💭 Mr. Belferman's Opinion:

“When even restaurant chains start accumulating 97,565,391,326, perhaps it's time for me to reconsider my investment strategy. If the big players believe in crypto, why shouldn’t I take a bet?”