Bitcoin news: UAE sits on $344 million in BTC mining profits, Arkham says

The United Arab Emirates is estimated to possess around $344 million in unrealized profit from its bitcoin mining activities, positioning it as a major sovereign crypto holder, based on onchain data from Arkham. Wallets linked to the UAE Royal Group currently hold about 6,782 BTC, valued near $450 million, with the profit reflecting low, industrial-scale mining costs over years. The country's mining infrastructure remains active, producing about 4.2 BTC daily. This mining push began in 2022, involving entities linked to the Abu Dhabi royal family and partnerships like the one with Zero Two for 250 megawatts of capacity. Unlike holdings in the U.S. or U.K. derived from seizures, the UAE's stash is accumulated through sustained mining, effectively creating a strategic digital reserve by holding most of its production even during market downturns.

(Source：CoinDesk)