UAE Positions Itself as Global Crypto Powerhouse with $700 Million Bitcoin Mining

The United Arab Emirates (UAE) has taken center stage in the cryptocurrency world by establishing itself as a leading Bitcoin mining nation. Recent disclosures from Arkham Intelligence, a blockchain analytics platform, have revealed that government-linked entities in the UAE currently hold over $700 million worth of Bitcoin mined through Citadel Mining operations. This move positions the country among the top sovereign holders of Bitcoin globally, highlighting its commitment to blockchain innovation and digital asset diversification.