It’s Discovered How Many Bitcoins (BTC) the United Arab Emirates (UAE) Has – Revealed for the First Time

The United Arab Emirates (UAE) government owns approximately 6,300 Bitcoins (worth approximately $740 million), according to data from blockchain analysis platform ￰0￱ assets are held through the UAE-controlled publicly traded mining company Citadel ￰1￱ has publicly labeled these addresses for the first time, listing the UAE as the fourth-largest state Bitcoin holder on the ￰2￱ the US and UK, the UAE's Bitcoin reserves are derived directly from mining operations, not through legal ￰3￱ Mining has produced approximately 9,300 BTC to date through its operations with Phoenix ￰4￱ company currently holds at least 6,300 ￰5￱ News: South Korea Experiences Trading Volume Explosion in 14 Altcoins - Majors Take Top Three Spots Details regarding Citadel Mining's ownership are as follows: 85% of Citadel Mining is owned by 2pointzero 2pointzero is 100% owned by International Holding Company (IHC) 61% of IHC is controlled by UAE Royal Group Royal Group is owned by Sheikh Tahnoon bin Zayed Al Nahyan, a member of the Abu Dhabi Royal ￰6￱ 2022, an 80,000-square-meter Bitcoin mining facility was built and commissioned on Al Reem Island in Abu Dhabi in just six ￰7￱ stated that it verified the facility's construction progress using on-chain data and satellite imagery.

Furthermore, transactions between Citadel and Phoenix align with the amounts reported in official ￰8￱ Group has also been tagged in Arkham and is reportedly holding approximately $3.2 million worth of BTC. *This is not investment ￰9￱ Reading: It’s Discovered How Many Bitcoins (BTC) the United Arab Emirates (UAE) Has – Revealed for the First Time