Abu Dhabi-based Bitcoin mining company Phoenix Group has announced the launch of a $150 million strategic cryptocurrency reserve. This makes it the first publicly listed company on the Abu Dhabi Securities Exchange (ADX) to hold a digital asset treasury.
The reserve includes 514 $BTC and 630,000 $SOL , which the company states is a long-term holding strategy. According to Phoenix Group's CEO, the move is not just about exposure but about aligning with the long-term value that these networks represent.
This announcement follows a strong performance by Phoenix Group in the second quarter of 2025, where its share price surged by over 72%. The company's self-mining revenue also saw a significant increase of 219% over the past two years.
