The United Arab Emirates is drawing significant attention as a major sovereign player in Bitcoin mining. Recent analysis of blockchain data reveals that the UAE government holds an estimated 6,300 $BTC (valued at approximately $700 million), amassed not through market purchases or seizures, but through its own mining operations.
The revelation gained prominence following comments from former Binance CEO Changpeng Zhao, who asserted that the nation has been leveraging government resources to mine Bitcoin. This claim has intensified scrutiny of the UAE's strategic crypto activities.
The state-linked entity, Citadel Mining, is identified as the operational vehicle for these efforts. This direct, state-backed approach to accumulation has positioned the UAE as one of the world's largest government holders of Bitcoin, underscoring its proactive and institutional strategy within the global digital asset landscape.
