UAE-linked mining operations hold $453.6 million in bitcoin with $344 million in unrealized profit.
The Royal Group retains most of its mined BTC and has not moved funds in four months.
Sovereign bitcoin strategies differ, with Bhutan selling and the US holding seized assets.
The United Arab Emirates has accumulated approximately $344 million in unrealized bitcoin profit, excluding energy costs, according to new data from Arkham Intelligence. The holdings stem from mining operations linked to Abu Dhabi’s Royal Group.
Arkham reported that UAE-linked wallets currently hold $453.6 million worth of bitcoin. The mining activities have been producing a consistent amount of 4.2 BTC per day for the past week. According to on-chain data, the last recorded fund outflow was four months ago, indicating a long-term holding pattern.
Royal-Linked Mining Expansion
The UAE’s bitcoin mining initiative started in 2022 with Citadel Mining’s development of massive infrastructure on Al
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