Oh, the audacity of our friends in the United Arab Emirates! Arkham Intelligence, with the wit of a court jester, has unmasked the UAE’s treasure trove of bitcoin (BTC). Behold, the UAE now stands proudly as the fourth-largest government holder of this digital gold, all thanks to their cunning mining operations. 🏆💰
Citadel Mining’s BTC Trove: A Royal Riddle Unraveled by Arkham
As of the 25th of August, 2025, the United Arab Emirates (UAE) is reportedly hoarding 6,333 bitcoin (BTC), according to the latest figures from Arkham Intelligence. In a tweet that could have been penned by Molière himself, Arkham announced, “The UAE’s $700M BTC holdings are now labeled on Arkham, a true spectacle for the ages!”
The jesters at Arkham also added:
“We, the wise ones at Arkham, are the first to publicly identify these addresses, a feat worthy of a standing ovation!”
Arkham further revealed that the UAE ranks as the fourth-largest government holder of bitcoin (BTC) on its platform, with a staggering $712 million worth of BTC. While the U.S. and U.K. have amassed their digital fortunes through the less glamorous means of law enforcement seizures, the UAE has taken a more regal route, mining their wealth through the noble house of Citadel Mining, a company majority-owned by the UAE Royal Group through IHC.
The blockchain jesters also noted that approximately 9,300 BTC have been mined thus far, with at least 6,300 BTC still nestled in UAE-controlled wallets. According to Arkham, Citadel Mining is 85% owned by 2pointzero, a firm entirely owned by IHC. IHC itself is about 61% owned by the UAE Royal Group, a vast conglomerate led by the illustrious Sheikh Tahnoon bin Zayed Al Nahyan of Abu Dhabi’s ruling family.
“In a grandiose display of royal efficiency, Citadel, in conjunction with Phoenix Group and the UAE government-owned IHC, constructed an 80,000 square meter BTC mining facility on Al Reem Island in Abu Dhabi in just 6 months, back in 2022,” Arkham detailed on X. “Our keen eyes were able to corroborate the timeline of on-chain mining activity with time-lapse satellite imagery of the facility’s construction. The onchain transactions between Phoenix and Citadel also match the amounts disclosed in official reports, a true tale of transparency and grandeur!”
The UAE’s BTC position places it in a unique geopolitical tier, where energy resources are being channeled into digital reserve assets with the finesse of a master playwright. The UAE’s strategy is a deliberate alignment between sovereign capital and critical infrastructure, crafting a path to decentralized wealth through mining, much like Bhutan’s own BTC playbook.
As governments take their places on the digital monetary stage, the UAE’s mining-first approach is a strategic move aimed at long-term influence. Arkham also pointed out that the Phoenix Group is now labeled on its platform and currently holds $3.2 million in BTC. Phoenix revealed its treasury during its Q2 revenue results, which also mentioned a position in solana (SOL).
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2025-08-25 23:08