The United Arab Emirates (UAE) has mined Bitcoin worth approximately $454 million through a partnership with Citadel. According to analysts at Arkham, the majority of the mined coins are still being held in the country’s reserves, with the last sale of digital assets occurring about four months ago.
This is reported by Business • Media
Mining Profit and Extraction Dynamics
According to Arkham’s information, excluding electricity costs, the profit that the UAE has gained from Bitcoin mining currently stands at around $344 million. Over the past week, the mining rate of the first cryptocurrency has remained stable at approximately 4.2 BTC per day. In comparison, two weeks ago, this figure was 3.8 BTC per day.
“The majority of the mined assets are reportedly being held by the country, with the last sales occurring about four months ago.”
Possible Reasons for Holding Bitcoin
The crypto community is actively discussing the UAE’s strategy for accumulating mined cryptocurrency. Some users on the social media platform X (formerly Twitter) believe that the decision to keep a large portion of Bitcoin in reserves may indicate the country’s commitment to long-term accumulation of this asset. Others point out the impressive margins of mining in the UAE, as the profit of $344 million was achieved without considering electricity costs, indicating favorable conditions for mining in the region.
In August 2025, it was reported that the UAE had generated $700 million in revenue from Bitcoin mining, allowing the country to rank fourth in the global government rankings for cryptocurrency reserves. However, according to current data from CoinGecko, the UAE has now moved to seventh place, holding a balance of 6,333 BTC.
Ranking of Bitcoin-owning countries. Source: CoinGecko.