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UAE government ramps up deployment: Over 6,600 BTC mining assets emerge
The UAE government is gradually building its Bitcoin reserves through Citadel Mining, a mining platform. According to on-chain analysis data, its officially controlled wallet address has accumulated approximately 6,636 BTC. Based on the current Bitcoin market price of about $93.05K, this asset scale is approaching the $600 million mark.
This move reflects the strategic recognition of digital assets by wealthy oil-producing countries in the Middle East. Rather than simply “mining,” it is more about directly acquiring Bitcoin through controlling computing power resources. Such practices are rare at the national level.
The UAE’s choice to execute this strategy through professional mining institutions like Citadel Mining demonstrates its long-term view of Bitcoin’s value. From 2024 to early 2026, the evolution of the market shows that various institutional investors worldwide continue to increase their Bitcoin holdings, and the UAE government’s deployment just confirms this trend.
It is worth noting that government-level Bitcoin accumulation often sends a strong market signal. The participation of a country like the UAE may encourage more institutional investors to follow suit, further strengthening the consensus on Bitcoin as “digital gold.”