I just saw a news report saying that the UAE holds about 6,300 bitcoins, ranking fourth among countries in terms of bitcoin holdings. Just 6,300 BTC puts it at fourth place among countries! This is really thought-provoking. I remember when Li Xiaolai was interviewed by reporters, he said he had 100,000 bitcoins by himself. What would that mean today?! Many people said Li Xiaolai was just boasting at that time, that he doesn't have 100,000 bitcoins, but it is undeniable that he indeed has a lot of bitcoins. For example, he once lent Zhao Dong 6,000 bitcoins for some fund, but unexpectedly Zhao Dong used it for trading contracts and got exposed. Zhao Dong admitted this himself, and later he paid back some debts, but Li Xiaolai felt it wasn't enough and scolded him on Weibo for not returning the money. According to Zhao Dong, at that time, Li Xiaolai brought several hard drives containing many backup files of BTC wallets, and he transferred some bitcoins from those files to Zhao Dong. So Zhao Dong also said, although he is not sure if Li Xiaolai really has 100,000 bitcoins, it is definitely true that Teacher Li has a lot of bitcoins. Back then, Li Xiaolai said at Garage Cafe: "Maybe one day, as long as you have 10 bitcoins, you can achieve financial freedom!" The words still echo in my ears. On August 26, according to Cointelegraph, the UAE government holds about 6,300 bitcoins through Citadel Mining, worth approximately $740 million. This makes it the fourth largest country in the world in terms of bitcoin holdings. Previously, news from yesterday indicated that the Arkham platform had labeled the bitcoin assets held by the UAE, valued at $700 million. $BTC
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