UAE controls 6,450 Bitcoin from state-backed mining

The UAE’s Royal Group, a major conglomerate tied to Abu Dhabi’s ruling family, has amassed about 6,450 Bitcoin via state-sponsored mining, placing the country among the largest sovereign holders of $BTC, according to Arkham Intelligence data.

By the end of August 2025, Arkham reported that the Royal Group held more than 6,300 $BTC worth about $700 million. With Bitcoin’s sharp volatility since then, the holdings are now valued at roughly $590 million.

The digital assets have been accumulated through Citadel Mining, a publicly listed company majority-owned by the UAE’s International Holding Company. Citadel Mining operates an 80,000-square-meter mining facility built in Abu Dhabi in 2022, developed in partnership with Phoenix Group, another UAE public mining company.