UAE Rumored to Hold Over $40 Billion in Bitcoin $BTC Reserves
The United Arab Emirates (UAE) has attracted significant attention in the cryptocurrency community amid rumors that it holds more than US$40 billion in Bitcoin (BTC).
Although the news has not been officially confirmed, Binance CEO Changpeng Zhao hinted that the UAE may have accumulated this substantial amount, potentially making it the largest National Bitcoin holder in the Middle East.
Crypto analyst T also claimed that the UAE owns approximately 411,978 Bitcoin, which could place it among the top three Bitcoin holders globally. This would potentially surpass MicroStrategy’s (MSTR) holdings of US$42 billion and trail behind BlackRock’s iShares Bitcoin Trust (IBIT) with US$53 billion.
The UAE’s Bitcoin strategy reflects broader trends across the Middle East, with countries like Saudi Arabia and Qatar also increasing their Bitcoin reserves.
This growing adoption highlights the region’s recognition of Bitcoin’s long-term value and its potential as a key driver for future economic growth and financial stability.
