UAE Becomes Fourth Largest Bitcoin Government Holder with New Mining Initiative

The United Arab Emirates (UAE) has emerged as a significant player in the world of Bitcoin, boasting a remarkable $700 million holding – one of the largest government Bitcoin reserves ever identified. This impressive haul was not acquired through traditional market purchases or seizures but rather through an operational mining initiative led by Citadel Mining, a company majority-owned by the UAE Royal Group. This groundbreaking move places the UAE among the most influential sovereign Bitcoin holders globally.