๐ฆ๐ช Important News: The UAE Becomes the Fourth Largest Country to Own Bitcoin through Mining!
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๐ฅ What Happened?
* Recent reports indicate that the UAE government owns approximately 6,300 Bitcoins, valued at around 740 million dollars.
* This accumulation makes it the fourth largest country in the world to own Bitcoin.
* These coins were obtained through direct mining operations managed by Citadel Mining, a government-owned company.
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๐ก Why is this Development Important?
* Unlike other countries that acquire Bitcoin through confiscations or purchases, the UAE follows a unique strategy relying on mining.
* This highlights the UAE's long-term vision in investing in digital assets, specifically through the underlying infrastructure of the network.
* This move solidifies the UAE's position as a global hub for innovation in digital currencies and encourages the adoption of Web3 technologies.
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โ Do you think this government mining strategy will be a model for other countries to follow in the future?
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