The United Arab Emirates has accumulated approximately 6,450 bitcoins through state-supported mining activities.

ChainCatcher News, according to Cryptobriefing, data from Arkham Intelligence shows that Royal Group, a large UAE conglomerate closely linked to the Abu Dhabi ruling family, has accumulated about 6,450 bitcoins through state-backed mining activities, making the country one of the largest sovereign holders of bitcoin.

As of the end of August 2025, Arkham reports that Royal Group holds more than 6,300 bitcoins, worth about $700 million. Since then, due to significant fluctuations in bitcoin prices, these holdings are currently valued at about $590 million.

These digital assets were accumulated through Citadel Mining, a publicly listed company controlled by International Holding Company of the UAE. Citadel Mining operates an 80,000-square-meter mining facility, which was built in Abu Dhabi in 2022 and developed in partnership with another UAE-listed mining company, Phoenix Group.