- UAE’s $700M BTC stash linked to Citadel now visible on Arkham
- Citadel is majority owned by UAE’s Royal Group via IHC
- Arkham becomes first platform to reveal these BTC addresses
The United Arab Emirates (UAE) has officially entered the blockchain transparency space. Arkham Intelligence has publicly labeled Bitcoin wallet addresses linked to $700 million worth of Bitcoin, mined by Citadel — a publicly listed mining company.
This marks a significant step in crypto transparency as these addresses were previously unidentified. The reveal offers insights into the growing presence of Gulf nations in the digital asset economy.
Citadel and UAE’s Royal Group Connection
Citadel, the company behind these BTC holdings, is no ordinary mining outfit. It is majority owned by the UAE’s influential Royal Group through International Holding Company (IHC). The Royal Group is deeply embedded in the UAE’s economic expansion, and its involvement in crypto showcases the nation’s strategic investment in blockchain infrastructure.
The disclosed addresses stem from Citadel’s mining operations, underscoring how traditional wealth players are entering decentralized finance through mining rather than exchange-based accumulation.
Arkham’s Role in Bringing Transparency
Arkham Intelligence, a blockchain analytics platform, is the first to identify and label the UAE’s Bitcoin holdings publicly. This aligns with Arkham’s mission to unveil the real-world identities behind blockchain activity.
By tagging these addresses, Arkham not only advances transparency but also highlights how national and institutional actors are carving out a place in the Bitcoin ecosystem. This disclosure can have ripple effects, potentially encouraging other nation-states or companies to reveal their crypto wallets.
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- UAE Bitcoin Holdings Revealed on Arkham