UAE formally recognizes Bitcoin as a store of value. CZ says he did a 'tiny bit' of advocacy. On-chain data shows UAE mining ~454 BTC (mostly held) and Citadel Mining holding ~$450M BTC. Mubadala & Al Warda have >$1B in BlackRock IBIT. #Bitcoin $BTC
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UAE formally recognizes Bitcoin as a store of value. CZ says he did a 'tiny bit' of advocacy. On-chain data shows UAE mining ~454 BTC (mostly held) and Citadel Mining holding ~$450M BTC. Mubadala & Al Warda have >$1B in BlackRock IBIT. #Bitcoin $BTC