#Bitcoin :

The United Arab Emirates holds 700 million dollars in BTC, according to Arkham

Bitcoin in the Emirates. The on-chain analysis platform Arkham Intelligence recently revealed significant information with the United Arab Emirates (UAE) holding approximately 700 million dollars in Bitcoin, mainly from mining operations. This activity is conducted by the company Citadel Mining, which is predominantly owned by the Emirati government conglomerate International Holding Company (IHC).

Key points of this article :

The United Arab Emirates recently revealed that it owns approximately 700 million dollars in Bitcoin, primarily due to mining operations carried out by Citadel Mining, a company predominantly owned by the Emirati conglomerate IHC.

With 6300 BTC, the Emirates position themselves as one of the largest global holders of Bitcoin, adopting a mining strategy supported by the royal family to diversify their investments and strengthen their status as a leader in the institutional adoption of this cryptocurrency.