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Arkham Intelligence data drops the mic: UAE-linked Citadel Mining (backed by Abu Dhabi Royal Group via IHC/2PointZero) has mined 6,782 BTC (~454-455M$) since 2022 ops launch—no sales in 4 months, ~344M$ unrealized profit post-energy costs.
The Setup
• 80K sqm Abu Dhabi facility (Al Reem Island) w/ Phoenix Group: Low-cost energy + immersion cooling for efficient hashrate.
• Wallets hold mined BTC long-term as "digital reserves"—4th largest gov holder globally (~6.3-6.8K BTC).
• Royal ties: Sheikh Tahnoon (Abu Dhabi ruler's brother) chairs IHC conglomerate owning 61%+ stake.
UAE models sovereign mining for oil-rich nations energy-to-BTC alchemy!
Mubadala's ETF buys + this = crypto superpower. Bullish? 💬
#UAEBitcoin #CitadelMining #Bitcoinmining #SovereignStack #ArkhamIntel
$BTC
The Setup
• 80K sqm Abu Dhabi facility (Al Reem Island) w/ Phoenix Group: Low-cost energy + immersion cooling for efficient hashrate.
• Wallets hold mined BTC long-term as "digital reserves"—4th largest gov holder globally (~6.3-6.8K BTC).
• Royal ties: Sheikh Tahnoon (Abu Dhabi ruler's brother) chairs IHC conglomerate owning 61%+ stake.
UAE models sovereign mining for oil-rich nations energy-to-BTC alchemy!
Mubadala's ETF buys + this = crypto superpower. Bullish? 💬
#UAEBitcoin #CitadelMining #Bitcoinmining #SovereignStack #ArkhamIntel
$BTC
The UAE becomes a Bitcoin powerhouse, solidifying its position on the global crypto map
The United Arab Emirates (UAE) is gradually asserting itself as one of the world's leading Bitcoin powers. According to data from Arkham Intelligence, #UAE currently holds approximately 6,300 Bitcoin (equivalent to 700 million USD), placing the country in 6th position in the list of national Bitcoin reserves, just behind major economies like the US and China.
Mining through a state-owned company
Most of this Bitcoin has been accumulated through the mining operations of #CitadelMining , a company belonging to the state-owned IHC group directly linked to the Abu Dhabi royal family. This indicates that the UAE's involvement is not merely speculative but a long-term strategy supported by the government.
Potential and vision
Although the actual figure is much lower than previously rumored, the UAE's public holding of $BTC is an extremely positive signal for the market. It reflects a government's confidence in the potential of digital assets while paving the way for larger capital flows in the future. This move not only strengthens the UAE's position in the crypto space but also serves as a model for other countries, promoting the acceptance and integration of digital assets into the global financial system. #anh_ba_cong
The United Arab Emirates (UAE) is gradually asserting itself as one of the world's leading Bitcoin powers. According to data from Arkham Intelligence, #UAE currently holds approximately 6,300 Bitcoin (equivalent to 700 million USD), placing the country in 6th position in the list of national Bitcoin reserves, just behind major economies like the US and China.
Mining through a state-owned company
Most of this Bitcoin has been accumulated through the mining operations of #CitadelMining , a company belonging to the state-owned IHC group directly linked to the Abu Dhabi royal family. This indicates that the UAE's involvement is not merely speculative but a long-term strategy supported by the government.
Potential and vision
Although the actual figure is much lower than previously rumored, the UAE's public holding of $BTC is an extremely positive signal for the market. It reflects a government's confidence in the potential of digital assets while paving the way for larger capital flows in the future. This move not only strengthens the UAE's position in the crypto space but also serves as a model for other countries, promoting the acceptance and integration of digital assets into the global financial system. #anh_ba_cong
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