{"id":26489,"date":"2025-08-26T12:21:07","date_gmt":"2025-08-26T09:21:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26489"},"modified":"2025-08-26T12:50:50","modified_gmt":"2025-08-26T09:50:50","slug":"uae-amasses-6300-btc-worth-700-million-through-mining","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/uae-amasses-6300-btc-worth-700-million-through-mining\/","title":{"rendered":"UAE Amasses 6,300 BTC Worth $700 Million Through Mining"},"content":{"rendered":"<p>The United Arab Emirates (UAE) holds approximately 6,300 BTC, valued at $700 million at the current rate, according to analysts from Arkham.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: THE UNITED ARAB EMIRATES IS NOW ON ARKHAM<\/p>\n<p>The UAE\u2019s $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.<\/p>\n<p>Arkham is the first to\u2026 <a href=\"https:\/\/t.co\/eIGut5pJXN\">pic.twitter.com\/eIGut5pJXN<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/1960002768703270959?ref_src=twsrc%5Etfw\">August 25, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cUnlike the US and the UK, the UAE acquired crypto assets through mining operations rather than law enforcement seizures,\u201d they emphasized.<\/p>\n<\/blockquote>\n<p>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.<\/p>\n<p>In 2022, Citadel Mining constructed a mining center in the country&#8217;s capital in partnership with Phoenix Group. Analysts confirmed this using satellite images.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">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.<\/p>\n<p>We were able to corroborate the timeline of on-chain mining activity\u2026 <a href=\"https:\/\/t.co\/MyTJQRzh7K\">pic.twitter.com\/MyTJQRzh7K<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/1960002776055890068?ref_src=twsrc%5Etfw\">August 25, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Arkham, through Citadel, the UAE mined a total of 9,300 BTC, of which 6,300 BTC remain in government wallets.<\/p>\n<h2 class=\"wp-block-heading\">Largest Bitcoin Holders<\/h2>\n<p>The UAE ranks sixth among countries by bitcoin reserves, surpassing El Salvador, which holds 6,246 BTC.<\/p>\n<p>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.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXcIn19N232CIUEMIu3K4zyZWRHCn0woo4-XEHyUhtNPAGJ0274ReWyrJT64avw5aNml3nP59IWiHE0rHS6DOevXmDsfqc7LOSP-IY2Q2R65J4TKKUpy2KXA1w3oz2JekRxCNfua.webp\" alt=\"UAE Amasses 6,300 BTC Worth $700 Million Through Mining\" class=\"wp-image-264574\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/bitbo.io\/treasuries\/countries\/\">BitBo<\/a>.<\/figcaption><\/figure>\n<p>Collectively, countries hold 517,000 BTC \u2014 2.4% of the total supply of the first cryptocurrency. Their value exceeds $57 billion.<\/p>\n<p>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&#8217;s Strategy with 629,376 BTC.<\/p>\n<p>Earlier, on August 22, an expert <a href=\"https:\/\/forklog.com\/en\/news\/expert-predicts-a-large-scale-bitcoin-sell-off\">predicted<\/a> a massive bitcoin sell-off.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UAE holds approximately 6,300 BTC, valued at $700 million at the current rate, according to Arkham analysts.<\/p>\n","protected":false},"author":1,"featured_media":26490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"The country ranks sixth among nations by bitcoin reserves.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,42],"class_list":["post-26489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-uae"],"aioseo_notices":[],"amp_enabled":true,"views":"426","promo_type":"1","layout_type":"1","short_excerpt":"The country ranks sixth among nations by bitcoin reserves.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26489"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26489\/revisions"}],"predecessor-version":[{"id":26491,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26489\/revisions\/26491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26490"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}