The UAE has accumulated approximately 6,450 Bitcoins through state-supported mining activities.

PANews November 19 news, according to Cryptobriefing, based on data from Arkham Intelligence, the Royal Group, a large enterprise group in the UAE closely related to the ruling family of Abu Dhabi, has accumulated approximately 6,450 Bitcoins through state-supported mining activities, making the country one of the largest sovereign holders of Bitcoin. As of the end of August 2025, Arkham reported that Royal Group holds over 6,300 Bitcoins, valued at around $700 million. Since then, due to significant fluctuations in Bitcoin prices, the current value of these holdings is approximately $590 million. These digital assets were accumulated through Citadel Mining, a publicly traded company controlled by International Holdings Company of the UAE. Citadel Mining operates a mining facility covering 80,000 square meters, which was completed in 2022 in Abu Dhabi, developed in collaboration with another UAE-listed mining company, Phoenix Group.