The United Arab Emirates (UAE) has become the fourth largest government owner of Bitcoin in the world, accumulating assets worth $696 million exclusively through mining, without any purchases on the market. According to the analytics platform Arkham Intelligence, the UAE controls about 6,300 $BTC , mined by Citadel Mining, which is 85% owned by the Abu Dhabi royal family through the International Holding Company (IHC). In total, 9,300 BTC have been mined since 2022, a significant portion of which is held as a strategic reserve.
This strategy differs from the approaches of other countries: the USA, China, and the UK have accumulated BTC mainly through the confiscation of criminal assets, while El Salvador buys coins daily. The UAE has chosen an industrial path, investing in infrastructure. In 2022, a massive mining complex covering 80,000 m² was built on Al-Rim Island in six months – one of the fastest projects in the crypto industry. The fact has been confirmed by satellite images and on-chain data from Arkham. Mining is conducted using efficient energy, aligning with national blockchain initiatives since 2018.
This approach is part of a broader diversification of the UAE's economy, where oil is giving way to digital assets. The Phoenix Group, linked to the government, is also mining BTC and Solana, creating a digital treasury worth $150 million. Regulatory advantages, like VARA in Dubai, attract institutional investors. Experts predict that this HODL style will strengthen the UAE's position in the global crypto economy, especially with Bitcoin rising above $120,000. This is a signal for other nations: mining is an effective way to enter crypto without market risks.
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