The UAE Has Quietly Built Up a $453 Million Bitcoin Reserve: Arkham

Arkham Intelligence analysis indicates that Bitcoin mining operations linked to the UAE's Royal Group possess approximately 6,782 BTC, valued at $453.6 million, representing significant unrealized profit excluding operational costs. Unlike the US or UK, whose reserves often stem from law enforcement seizures, the UAE's accumulation is primarily driven by domestic mining activity, tracing back to large-scale operations established in 2022 by entities like Citadel Mining. The wallets show consistent mining output, averaging 4.2 BTC daily over the last week, and have retained most mined Bitcoin, with the last outflow occurring four months prior. Furthermore, Abu Dhabi's sovereign wealth funds are increasing their exposure to Bitcoin ETFs, with Mubadala and Al Warda Investments significantly boosting their stakes in BlackRock's IBIT, collectively holding over $1.1 billion in shares by the end of last year.

(Source：Bitcoin Magazine)