The UAE has accumulated approximately 6,450 bitcoins through national support for mining activities

According to Cryptobriefing, based on data from Arkham Intelligence, the Royal Group, a large UAE business conglomerate closely tied to the ruling family of Abu Dhabi, has accumulated approximately 6,450 bitcoins through state-supported mining activities, making the country one of the largest sovereign holders of bitcoin.

As of the end of August 2025, Arkham reported that the Royal Group holds over 6,300 bitcoins, valued at around $700 million. Since then, due to significant fluctuations in bitcoin prices, these holdings are currently valued at approximately $590 million.

These digital assets were accumulated through Citadel Mining, a publicly listed company controlled by Emirates International Holdings. Citadel Mining operates a mining facility covering 80,000 square meters, which was built in 2022 in Abu Dhabi and developed in collaboration with another UAE-listed mining company, Phoenix Group.