UAE: A New Player in the Crypto Market
The UAE is doing something interesting with Bitcoin, and they’re not keeping it a secret. This nation has mined around $700 million worth of Bitcoin through state-backed operations, putting it in the top tier of government Bitcoin holders globally. The approach is marked by a commitment to disciplined long-term holding and innovative practices in mining, which could very well signal a shift in how countries accumulate crypto assets.
The Numbers: UAE’s Bitcoin Holdings
According to Arkham, the UAE’s Bitcoin holdings are valued at close to $700 million, largely acquired through mining. They’ve managed to snag around 9,300 Bitcoin since their mining ventures began, and at least 6,300 of those BTC are still in their possession. This isn’t…
