UAE Government’s Bitcoin Holdings Exceed $700 Million, Ranking as Fourth Largest

The United Arab Emirates (UAE) government has taken a significant step in embracing cryptocurrency by holding approximately 6,300 Bitcoin, valued at around $700 million. This move positions the UAE as the fourth-largest sovereign Bitcoin holder globally after the U.S., China, and the U.K. The holdings are the result of state-backed mining operations led by Citadel Mining in partnership with Phoenix Group. The government’s decision reflects its commitment to digital asset management and transparent reserves, influencing international crypto policy standards.