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The UAE has accumulated approximately 6450 Bitcoins through national support for mining activities.

On November 19, CoinWorld reported that, according to Cryptobriefing, the Royal Group, a large UAE business group closely linked to the ruling family of Abu Dhabi, has accumulated approximately 6,450 Bitcoins through state-supported mining activities, making the country one of the largest sovereign holders of Bitcoin. As of the end of August 2025, Arkham reported that the Royal Group holds over 6,300 Bitcoins, valued at approximately $700 million. Since then, due to significant fluctuations in Bitcoin prices, the current value of these holdings is about $590 million. These digital assets were accumulated through Citadel Mining, a listed company controlled by International Holding Company of UAE. Citadel Mining operates a mining facility covering 80,000 square meters, which was built in 2022 in Abu Dhabi, developed in partnership with another UAE listed mining company, Phoenix Group.

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