The post UAE Royal Group Builds $453M Bitcoin Reserve Through Mining appeared first on Coinpedia Fintech News
The United Arab Emirates has quietly built a massive Bitcoin reserve worth over $453 million through its Royal family mining operation. The holdings, linked to Citadel Mining, highlight the country’s growing long-term commitment to Bitcoin as a strategic digital asset.
UAE Quietly Built $453M Bitcoin Stack
Blockchain analytics firm Arkham Intelligence tracked 37 crypto wallets connected to Citadel Mining, an operation tied to Abu Dhabi’s Royal Group through its investment arm.
These wallets currently hold around 6,782 BTC, valued at approximately $453.6 million. The data shows that most of this BTC was generated through bitcoin mining rather than buying from exchanges.
Arkham estimates that the UAE is already sitting on profits of around $344 million from its Bitcoin mining operations, excluding energy and operational costs.
More importantly, the UAE has not
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