Arkham: The UAE has marked a BTC holding address worth $740 million, mainly obtained through mining by the mining company Citadel
blockchain data monitoring platform Arkham posted on social media that the United Arab Emirates' $700 million worth of Bitcoin holdings have now been tagged on the Arkham platform. Arkham stated that the UAE is the fourth largest government entity holding Bitcoin on the platform, with a total BTC holding value of nearly $7.4 billion. Unlike the United States and the United Kingdom, the UAE's Bitcoin holdings are not from police asset seizures, but are generated through mining operations in partnership with Citadel. As of now, they have mined approximately 9,300 BTC and still hold at least around 6,300 BTC.
Citadel is 85% owned by 2pointzero, which is 100% owned by IHC. IHC is approximately 61% owned by the UAE royal group, which is controlled by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi royal family.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Staking Weekly Report December 1, 2025
ššCore Data on ETH Stakingšš 1ļøā£ Ebunker ETH staking yield: 3.27% 2ļøā£ stETH...
The Blood and Tears Files of Crypto Veterans: Collapses, Hacks, and Insider SchemesāNo One Can Escape
The article describes the loss experiences of several cryptocurrency investors, including exchange exits, failed insider information, hacker attacks, contract liquidations, and scams by acquaintances. It shares their lessons learned and investment strategies. Summary generated by Mars AI This summary was produced by the Mars AI model, and the accuracy and completeness of its generated content are still in the process of iterative improvement.
Mars Morning News | Federal Reserve officials to advance stablecoin regulatory framework; US SEC Chairman to deliver a speech at the New York Stock Exchange tonight
Federal Reserve officials plan to advance the formulation of stablecoin regulatory rules. The SEC Chair will deliver a speech on the future vision of capital markets. Grayscale will launch the first Chainlink spot ETF. A Coinbase executive has been sued by shareholders for alleged insider trading. The cryptocurrency market fear index has dropped to 23. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative updates.
OECD's latest forecast: The global interest rate cut cycle will end in 2026!
According to the latest forecast from the OECD, major central banks such as the Federal Reserve and the European Central Bank may have few "bullets" left under the dual pressures of high debt and inflation.
Trending news
MoreCrypto prices
More
