News
  • Qadir AK
    author-profile

    Qadir AK right arrow

    Author

    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

    • author facebook
    • author twitter
    • linkedin

  • Updated by: Zameer Attar

    author image

    Zameer Attar right arrow

    Updated

    Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

    • Reviewed by: Zafar Naik

      author profile

      Zafar Naik right arrow

      Reviewed

      Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

      • 1 minute read

      Bahrain’s Al Abraaj Adds Bitcoin to Reserves in Historic First

      Story Highlights
      • Al Abraaj becomes the first publicly listed company in the Middle East to hold Bitcoin.

      • The move signals growing crypto adoption in Bahrain’s corporate sector.

      • It could spark a wider shift in how Gulf firms approach Bitcoin treasury strategy.

      Good news for the industry! In a first for Bahrain – and the entire Middle East – Al Abraaj Restaurants Group has taken a giant leap by becoming the region’s first publicly listed company to hold Bitcoin as part of its treasury reserves.

      This is as clear a sign as any that Bitcoin is moving from something people watch nervously to something companies are actively embracing in the Gulf. After all, when a fully regulated, publicly traded firm makes this move, it changes how everyone looks at crypto in the region.

      Here are the deets. 

      It’s Not a Trend: What This Means for Crypto in Bahrain

      Bitcoin treasury adoption has been mostly a Western story, with companies like MicroStrategy and Tesla leading the way

      Now, Al Abraaj is showing the Middle East wants in on the action. It’s a great move to hedge against inflation and future financial uncertainties. For a company in the food sector to do this in Bahrain, a country working hard to be a tech-friendly hub, it’s a clear signal the region’s mindset on crypto is evolving.

      What Could This Mean for the Gulf?

      Here’s my take: this move might be the first domino to fall. It could encourage more firms in the Gulf to rethink their treasury strategies and consider digital assets seriously. This is exactly the kind of shift that could bring crypto deeper into the mainstream here.

      Let’s hope the government takes note and endorses the move. That would make for a great 2025, wouldn’t it? 

      Joining the Global Bitcoin Treasury Club

      We’ve seen big countries like U.S, China, UK build significant Bitcoin stockpiles. Firms like Metaplanet and MicroStrategy continue to accumulate. Bitcoin adoption around the globe is on the rise.

      Now, Bahrain’s making it clear the Middle East is ready to play, too.

      Never Miss a Beat in the Crypto World!

      Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

      We’ll keep you updated on how this pans out.

      FAQs

      Which country has the most Bitcoin reserves?

      The U.S. currently holds the most Bitcoin reserves among governments, largely from seizures and auctions.

      What if you invested $1000 in Bitcoin 10 years ago?

      A $1,000 Bitcoin investment in 2015 could be worth over $250,000 today, depending on exact timing and holding.

      Show More

      Related Articles

      Back to top button