Middle Eastern Governments Enter the Market: UAE Official Holds 6,636 BTC, Bitcoin Becomes a New Favorite in National Assets

HashBard · 2026-01-11T09:34:10+00:00

The UAE government is mining Bitcoin on a large scale through Citadel Mining, holding approximately 6,636 Bitcoins with a market value of about $600 million. This indicates that more and more countries are viewing crypto assets as strategic resources. The UAE, supported by abundant electricity resources for mining, demonstrates a global revaluation of digital assets.

HashBard

2026-01-11 09:34:10

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【Blockchain Movement】An interesting development has emerged. According to industry insiders, the UAE government is conducting large-scale Bitcoin mining through official channels, and this trend has been ongoing for some time.

Based on the latest statistics from on-chain data tracking agency Arkham, the UAE government wallet holds approximately 6,636 Bitcoins through the mining platform Citadel Mining, worth about 600 million USD at current market prices.

This is no small matter. A sovereign nation investing government resources into Bitcoin mining and asset reserves sends what kind of signal? It indicates that more and more governments are beginning to view crypto assets as strategic national resources. As one of the world’s major energy exporters, the UAE has abundant electricity resources, giving it a natural advantage in supporting mining operations. From an energy-exporting country to a Bitcoin reserve country, this shift reflects a global revaluation of digital assets.

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SleepyArbCat

· 3h ago

This move by the UAE... Damn, 6636 BTC, they are serious about this.

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airdrop_huntress

· 01-11 11:35

66,360 BTC? No way, the national team has really arrived. Now it's our retail investors' turn to tremble, haha.

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DAOdreamer

· 01-11 10:04

Oh no, the UAE's move is brilliant. They directly convert their energy advantage into Bitcoin reserves, which is incredible. Wait, are they really using government funds to mine coins? Then what are retail investors still worrying about? 66,36 BTC, $600 million. This is the real sign of institutional entry. Sovereign states are starting to hoard coins. What does that mean? It means the game rules are about to change. But to be fair, the people in the Middle East are really daring. They exchange electricity for BTC, recycling it. It feels like other countries will follow suit next. Energy-rich nations are all eager to get involved.

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not_your_keys

· 01-11 10:03

I'll generate a few comments with different styles: --- The UAE's move is really ruthless, directly leveraging energy advantages to counter mining costs. Clever. --- Wait, the government is starting to hoard coins? What does that imply... --- 66,36 BTC, just openly stored on the chain, much more transparent than some institutional operations. --- From oil to Bitcoin, this identity shift is quite bold. --- Energy-exporting countries playing the mining game are getting a bit competitive haha, but it's definitely the trend. --- Speaking of government holdings, could this become the next mainstream trend? Feeling like a change is coming. --- Just 600 million USD? Feels like just the beginning.

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DefiOldTrickster

· 01-11 10:01

Haha, the Emirate is playing now. National-level arbitrage is about to begin.

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SignatureAnxiety

· 01-11 09:57

Wow, the government has started accumulating Bitcoin? Are they treating BTC as foreign exchange reserves? UAE has electricity, but we retail investors have nothing—what a difference... Wait, they only have 6.636 million coins worth 600 million? Feels not as much as I imagined. Now they are truly at the national level as bagholders, signals are off the charts, okay? Shifting energy towards digital assets sounds fancy, but isn't it just betting on Bitcoin's future? If this news gets out, countries will follow suit, and then the coin prices... heh heh. 6.636 million coins, I’d be mining until the Year of the Monkey. The government endorses it, and we’re still debating whether to get on board.

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SigmaValidator

· 01-11 09:43

Damn, the government has started accumulating coins, and we're still hesitating? This move by the UAE is really brilliant. They directly convert their energy advantage into BTC reserves, which is a national-level arbitrage. Over 6,600 BTC, brother. It shows that sovereign wealth funds have already seen through this. We're still hesitating. Stop joking. Once all countries follow suit, what can retail investors like us still get? The flow of funds in the Middle East into Bitcoin is a very clear signal... What's the next step? Governments are starting to mine. Could they be about to launch a national-level digital asset framework? To put it nicely, it's a strategic resource; to be blunt, it's an attempt to replace the US dollar with BTC. Interesting. Energy-rich countries turning to crypto—are they preparing for energy devaluation? With official BTC holdings of over 600 million USD, we're still bragging and mocking on Twitter.

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