UAE controls 6,450 Bitcoin from state-backed mining
Key Takeaways
- The UAE holds approximately 6,450 Bitcoin from state-backed mining operations, ranking as the fourth-largest sovereign holder.
- Citadel Mining, majority-owned by International Holding Company, acquired these Bitcoin through mining rather than market purchases.
The UAE’s Royal Group, a major conglomerate tied to Abu Dhabi’s ruling family, has amassed about 6,450 Bitcoin via state-sponsored mining, placing the country among the largest sovereign holders of BTC, according to Arkham Intelligence data.
By the end of August 2025, Arkham reported that the Royal Group held more than 6,300 BTC worth about $700 million. With Bitcoin’s sharp volatility since then, the holdings are now valued at roughly $590 million.
The digital assets have been accumulated through Citadel Mining, a publicly listed company majority-owned by the UAE’s International Holding Company. Citadel Mining operates an 80,000-square-meter mining facility built in Abu Dhabi in 2022, developed in partnership with Phoenix Group, another UAE public mining company.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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