Bahrain listed company AlAbraaj becomes the first enterprise in the Middle East to implement a Bitcoin reserve strategy.

Bahrain’s restaurant listed company AlAbraaj announced a partnership with 10X Capital to incorporate Bitcoin into its strategic reserves, becoming the first listed company in the Middle East to implement this strategy. The company has purchased 5 BTC and plans to continue increasing its holdings, as well as develop Bitcoin financial products compliant with Islamic law, aiming to build “the MicroStrategy of the Middle East.” (Cointelegraph)

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