The United Arab Emirates (UAE) holds approximately 6,300 BTC, valued at $700 million at the current rate, according to analysts from Arkham.
BREAKING: THE UNITED ARAB EMIRATES IS NOW ON ARKHAM
The UAE’s $700M BTC holdings are now labeled on Arkham. These holdings come from Bitcoin mining operations carried out by Citadel, a public mining company majority owned by UAE Royal Group through IHC.
Arkham is the first to… pic.twitter.com/eIGut5pJXN
— Arkham (@arkham) August 25, 2025
“Unlike the US and the UK, the UAE acquired crypto assets through mining operations rather than law enforcement seizures,” they emphasized.
All bitcoins were mined by Citadel Mining, controlled by the state conglomerate International Holding Company (IHC), with 61% owned by the UAE Royal Group under Sheikh Tahnoon bin Zayed Al Nahyan of the Abu Dhabi royal family.
In 2022, Citadel Mining constructed a mining center in the country’s capital in partnership with Phoenix Group. Analysts confirmed this using satellite images.
In conjunction with Phoenix Group (a public UAE mining company) and the UAE government-owned IHC, Citadel built an 80,000 square meter bitcoin mining facility on Al Reem Island in Abu Dhabi in 2022 in 6 months.
We were able to corroborate the timeline of on-chain mining activity… pic.twitter.com/MyTJQRzh7K
— Arkham (@arkham) August 25, 2025
According to Arkham, through Citadel, the UAE mined a total of 9,300 BTC, of which 6,300 BTC remain in government wallets.
Largest Bitcoin Holders
The UAE ranks sixth among countries by bitcoin reserves, surpassing El Salvador, which holds 6,246 BTC.
The United States remains the leader, possessing 198,012 BTC, most of which were acquired through seizures. Following are China and the United Kingdom, holding 194,000 BTC and 61,245 BTC, respectively.
Collectively, countries hold 517,000 BTC — 2.4% of the total supply of the first cryptocurrency. Their value exceeds $57 billion.
The largest individual holder is Satoshi Nakamoto. According to Arkham, he holds 1.096 million BTC, distributed across thousands of wallets. The leading company is Michael Saylor’s Strategy with 629,376 BTC.
Earlier, on August 22, an expert predicted a massive bitcoin sell-off.