Markets
What to know:
- The United Arab Emirates is hoarding a staggering $344 million in Bitcoin profits, like a dragon guarding a treasure chest of digital gold.
- Their mining operations, run by the royal family and companies like Marathon Digital, churn out 4.2 BTC daily-because why not?
- While Western nations seize Bitcoin like a grumpy squirrel collecting nuts, the UAE is building a strategic digital empire, one block at a time.
The UAE’s Bitcoin stash is so big, it’s practically a second palace. Arkham’s data reveals they’ve mined 6,782 BTC-enough to buy a small island, if islands were made of cryptocurrency.
Wallets linked to the UAE Royal Group hold 6,782 BTC, worth $450 million. But don’t worry, they’re not selling. Why would they? They’re too busy sipping tea and plotting world domination with their crypto.
Despite Bitcoin’s recent tantrums, the UAE’s miners keep churning out coins like a factory of overworked squirrels. It’s all part of their grand plan to outlast the market’s mood swings.
The UAE’s Bitcoin obsession began in 2022, when Citadel Mining (a company with ties to the royal family) built a mining fortress on Al Reem Island. Because why have a beach when you can have a blockchain?
In 2023, Marathon Digital joined the party, building a 250-megawatt mining empire with Zero Two. It’s like a tech-savvy version of a desert resort.
Back in August, the UAE’s Bitcoin stash was worth $700 million. Now it’s lower, but that’s just the market being its usual unreliable self. The UAE? They’re still sitting pretty, like a cat with a laser pointer.
Unlike the U.S. or U.K., who get Bitcoin by seizing it from criminals (because who needs a plan?), the UAE is mining their way to wealth. It’s the ultimate flex: energy + infrastructure = digital gold.
In a market where most miners are selling their coins like a desperate toddler trading toys, the UAE is the calm, calculating wizard of the crypto world. They’re not just holding Bitcoin-they’re holding the keys to a future they’ve already planned.
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2026-02-19 18:18