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UAE Government Mines $455M in Bitcoin via Citadel Mining

Published by
Sohrab Khawas

The UAE‑linked Citadel Mining has mined and held about 6,782 Bitcoin ($453.6 million), according to on‑chain data tracked by Arkham Intelligence. The mining push began in 2022 and leverages Abu Dhabi’s low‑cost energy and industrial facilities, with no major Bitcoin outflows in the past four months, suggesting a long‑term stance. After accounting for energy costs, unrealized profit on the holdings is around $344 million. The accumulation ranks the UAE among the world’s notable Bitcoin holders and reflects a broader national strategy of using mining to build digital reserves rather than simply trading assets.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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