The UAE government reportedly mined $455M worth of $BTC through Citadel. Not accumulated through OTC desks. Mined.
From a market perspective, this matters for one reason: long-term conviction. Mining at that scale isn’t a short-term trade it’s infrastructure, energy strategy, and balance-sheet positioning. When sovereign players invest in production capacity, they’re signaling belief in sustained demand and future price appreciation.
For traders, here’s the angle:
• Increased institutional/sovereign exposure reduces long-term supply pressure.
• Strong hands accumulating via mining can tighten circulating supply over time.
• Macro adoption narratives often fuel mid-to-long-term bullish momentum cycles.