According to Arkham’s on-chain statistics, the United Arab Emirates is one of the most important sovereign crypto bets in the world, holding around $344 million in unrealised profit from its bitcoin mining operations.
Currently, wallets associated with the UAE Royal Group contain around 6,782 Bitcoin, which is worth $450 million. According to Arkham, the position is deep in the green when energy costs are excluded. This is because years of industrial-scale mining have resulted in lower-than-average prices when compared to open-market purchasing.
The operation has generated about 4.2 BTC per day over the last seven days, indicating that the nation’s mining infrastructure is still operational despite bitcoin’s recent decline from its peak in late 2025 and increased volatility in other risky assets.
The mining boom in the United Arab Emirates began in 2022 when Citadel Mining, which is connected to the royal family of Abu Dhabi through International Holding Company, constructed sizable facilities on Al Reem Island.
One of the biggest known deployments in the area was the 250 megawatts of immersion-cooled mining capacity that Marathon Digital (MARA), now known as MARA Holdings, developed in 2023 in collaboration with Abu Dhabi-based Zero Two.
When bitcoin prices were higher in August, Arkham calculated that the UAE’s mined assets were closer to $700 million. The most recent significant outflows happened about four months ago, and the most current numbers show decreased market prices and updated wallet tracking rather than significant sales.
The UAE’s bitcoin hoard is the result of persistent mining, in contrast to the US or the UK, whose holdings are mostly the result of asset seizures. The Gulf nation is essentially turning infrastructure and energy into a strategic digital reserve that compounds over time by controlling most of its output.
The UAE seems to be doing the opposite, gradually accumulating during the drop, in a market where many miners have been compelled to sell into weakness to support their operations.
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