Bahrain’s Al Abraaj Group Becomes First Public Firm in Middle East to Embrace Bitcoin

In a groundbreaking move, Bahrain’s publicly listed Al Abraaj Group has become the first company in the Middle East to adopt Bitcoin as part of its corporate treasury. The initiative follows similar actions by industry giants like MicroStrategy and Tesla, with the firm purchasing 5 Bitcoin (BTC) as its initial investment and plans to expand its holdings over time. Al Abraaj’s decision highlights a forward-thinking approach towards maximizing shareholder value and embracing the potential of Bitcoin in the evolving landscape of finance.