Close Menu
maincoin.money
    What's Hot

    Bolivia’s Incoming President Rodrigo Paz Aims for Blockchain Reforms

    October 20, 2025

    Elon Musk Boosts Floki Memecoin by 29%

    October 20, 2025

    Grok and DeepSeek Outperform ChatGPT and Gemini in Cryptocurrency Trading

    October 20, 2025
    Facebook X (Twitter) Instagram
    maincoin.money
    • Home
    • Altcoins
    • Markets
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
      • Regulation
    Facebook X (Twitter) Instagram
    maincoin.money
    Home»Blockchain»UAE Retains $700 Million in Bitcoin Generated from Mining Activities
    Blockchain

    UAE Retains $700 Million in Bitcoin Generated from Mining Activities

    Ethan CarterBy Ethan CarterAugust 26, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    1756187920
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The United Arab Emirates (UAE) possesses approximately $700 million in Bitcoin, primarily gained through mining activities, as reported by the blockchain analytics firm Arkham Intelligence.

    In a post on X, Arkham noted on Monday that it has become one of the first entities to publicly identify the wallets held by the UAE government, discovering that these wallets contain about 6,300 Bitcoin (BTC).

    This Bitcoin was extracted via Citadel Mining, which is primarily owned by the UAE government’s conglomerate, the International Holding Company (IHC).

    “Unlike the US and UK, the UAE’s holdings stem from mining operations with Citadel Mining rather than police asset seizures,” Arkham stated.

    Source: Arkham

    The disclosed Bitcoin holdings are significantly lower than previously speculated figures. Rumors often suggested that the UAE’s holdings were around 420,000 Bitcoin from various sources, including criminal seizures, valued at $46 billion, potentially positioning the country as the largest national holder of Bitcoin globally.

    UAE mining firm linked to royal family

    According to Arkham, in collaboration with Phoenix Group, a public UAE mining company, and the IHC, Citadel established a Bitcoin mining facility in Abu Dhabi in 2022.

    Source: Arkham

    “We successfully verified the timeline of onchain mining activity using time-lapse satellite imagery of the facility’s construction,” the firm remarked.

    “On-chain transactions between Phoenix and Citadel also correspond with figures stated in official reports.”

    Overall, Arkham estimates that through Citadel, the UAE has mined a total of 9,300 Bitcoin.

    Citadel Mining is 85% owned by 2pointzero, which in turn is owned by the IHC; the UAE Royal Group, a conglomerate with a 61% stake owned by Sheikh Tahnoon bin Zayed Al Nahyan of Abu Dhabi’s royal family, has significant influence in its operations.

    How does the UAE compare to other nations

    With its recently reported holdings, the UAE would rank as the sixth-largest Bitcoin holder among all nations, positioned between Bhutan at 11,286 and El Salvador at 6,246, according to BitBo.

    The United States remains the largest national holder of Bitcoin, with 198,012 mostly obtained through criminal seizures. China follows with 194,000, attributed mainly to its 2019 crackdown on the PlusToken scam. The UK holds third place with 61,245 Bitcoin.

    The US, China, and the UK rank as the top countries with Bitcoin holdings, with the UAE at sixth based on its newly disclosed figures. Source: BitBo

    BitBo estimates that 517,000 Bitcoin are stored in sovereign vaults, accounting for about 2.4% of the total supply, with an overall value surpassing $56 billion.

    Related: Abu Dhabi institutional giants collaborate for dirham stablecoin

    However, Bitcoin’s pseudonymous creator, Satoshi Nakamoto, is thought to hold 1.096 million Bitcoin across numerous wallets, according to Arkham, making them the largest individual holder, while Michael Saylor’s company, Strategy, is the largest corporate holder with a stash of 629,376 Bitcoin, representing 2.9% of the total supply and continuing to grow.

    Magazine: Bitcoin’s long-term security budget dilemma: Impending crisis or FUD?

    Activities Bitcoin Generated Million Mining Retains UAE
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar photo
    Ethan Carter

      Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

      Related Posts

      Saylor’s Approach Acquires 168 Bitcoin in the Week Following the Crash

      October 20, 2025

      Bitcoin and Ethereum surge as new investment pours into cryptocurrency.

      October 20, 2025

      BlackRock Introduces Bitcoin ETP in the UK Following FCA Ban Lift

      October 20, 2025
      Bitcoin

      Bolivia’s Incoming President Rodrigo Paz Aims for Blockchain Reforms

      By Ethan CarterOctober 20, 20250

      The newly elected President of Bolivia, Rodrigo Paz, aims to address government corruption using blockchain…

      Altcoins

      Elon Musk Boosts Floki Memecoin by 29%

      By Ethan CarterOctober 20, 20250

      American entrepreneur Elon Musk sparked a brief rally in the memecoin market after sharing a…

      DeFi

      Grok and DeepSeek Outperform ChatGPT and Gemini in Cryptocurrency Trading

      By Ethan CarterOctober 20, 20250

      Grok and DeepSeek surpassed other leading artificial intelligence chatbots in cryptocurrency trading by accurately timing…

      Regulation

      Saylor’s Approach Acquires 168 Bitcoin in the Week Following the Crash

      By Ethan CarterOctober 20, 20250

      Michael Saylor’s Strategy, the largest public holder of Bitcoin globally, increased its BTC reserves last…

      Recent Posts
      • Bolivia’s Incoming President Rodrigo Paz Aims for Blockchain Reforms
      • Elon Musk Boosts Floki Memecoin by 29%
      • Grok and DeepSeek Outperform ChatGPT and Gemini in Cryptocurrency Trading
      • Saylor’s Approach Acquires 168 Bitcoin in the Week Following the Crash
      • Upcoming Altcoins to Monitor This Week Amid Three Major Events

      At MainCoin.Money, we cover everything from Bitcoin and Ethereum to the latest trends in Altcoins, DeFi, NFTs, blockchain technology, market movements, and global crypto regulations.

      Whether you’re a seasoned investor, a blockchain developer, or just curious about digital assets, our mission is to make crypto news accessible and reliable for everyone.

      Facebook X (Twitter) Instagram Pinterest YouTube
      Top Insights

      Bolivia’s Incoming President Rodrigo Paz Aims for Blockchain Reforms

      October 20, 2025

      Elon Musk Boosts Floki Memecoin by 29%

      October 20, 2025

      Grok and DeepSeek Outperform ChatGPT and Gemini in Cryptocurrency Trading

      October 20, 2025
      Get Informed

      Subscribe to Updates

      Get the latest creative news from FooBar about art, design and business.

      Facebook X (Twitter) Instagram Pinterest
      • About Us
      • Contact us
      • Privacy Policy
      • Disclaimer
      • Terms and Conditions
      © 2025 maincoin.money. All rights reserved.

      Type above and press Enter to search. Press Esc to cancel.