US Edition
18 Articles
18 Articles
Mubadala and ADIC bought more BTCs in the fourth quarter of last year
UAE sits on $344M BTC mining gross profit on HODL strategy
The post UAE sits on $344M BTC mining gross profit on HODL strategy appeared on BitcoinEthereumNews.com. The United Arab Emirates (UAE) has mined $453.8 million in Bitcoin as of February 19, sitting on about $344 million in gross profit on a strict no-selling strategy, according to Arkham Intelligence. While the UAE is implementing a long-term holding strategy, Bhutan, which gathered its digital wealth in secret over many years, has now begun se…
UAE Mined $454M in Bitcoin, Holds $344M Profit as Supply Tightens
UAE mined 6,782 BTC worth $454M via Citadel Mining, with $344M in estimated unrealized profit. Royal Group-backed operation shows no major sales, signaling a long-term Bitcoin holding strategy. Over 36,000 BTC left exchanges in February, tightening supply as miners and long-term holders accumulate. The United Arab Emirates has quietly emerged as a major Bitcoin accumulator, with fresh data showing the country has mined nearly $454 million worth …
The institutional market again sends a strong signal about the evolution of bitcoin as a global strategic asset. New reports indicate that investment funds linked to the Abu Dhabi government have acquired more than $1 billion in exposure to bitcoin through ETFs spot in the United States, marking one of the most relevant movements of sovereign capital towards cryptocurrencies in recent years. The information emerges from 13F regulatory presentati…
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
