Phoenix Group invests $150 million in a crypto reserve based on $BTC and $SOL
The Abu Dhabi mining company Phoenix Group has announced the creation of its own cryptocurrency reserve, which includes 514 BTC and 630,000 SOL for a total of about $150 million. This has become part of a long-term development strategy, although it is currently unknown whether further replenishment of the reserve is planned.
The market responded with a rise in shares
This is the first case where a public company on the ADX exchange has announced such a reserve, which prompted a 1.5% increase in the value of its shares, according to the official website of the exchange.
Financial position mixed
Despite the investments, the financial indicators of Phoenix Group in Q2 2025 remain ambiguous:
- Revenue: $29.1 million (less than last year)
- Net loss: $29.2 million
- Accounts payable: only $28.1 million — which allows the company to expand
Total losses in the first half of the year amounted to $182.8 million, primarily due to unrealized declines in the value of digital assets.
Analysts note some improvement compared to the previous quarter — the company is increasing its bitcoin mining volumes and demonstrating growth in gross revenue.
