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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