Skip to content
- UAE-linked Bitcoin mining holds $344M in unrealized gains as Arkham tracks rising output.
- Arkham reports steady 4.2 BTC daily production and minimal outflows from UAE wallets.
- Abu Dhabi funds boost IBIT holdings, signaling expanding sovereign interest in Bitcoin.
Arkham Intelligence reports that Bitcoin mining operations tied to entities linked with the UAE’s Royal Group hold about $344 million in unrealized gains. The estimate excludes electricity spending and other operational costs. The firm traced the holdings through on-chain wallet activity.
Arkham attributed 6,782 BTC to wallets connected with the mining initiative. The stash was worth roughly $453.6 million at the time of analysis. The figure reflects the gap between market prices and estimated production costs.
The firm observed steady mining output throughout the past week. The wallets produced about 4.2 BTC per day. Arkham said the pace signals ongoing industrial-scale activity.
UAE Signals Long-Term Bitcoin Reserve Strategy
Arkham also noted that the UAE has kept most of its mined Bitcoin. The last meaningful outflow occurred about four months ago. The pattern suggests a preference for long-term reserves.
The findings highlight how the UAE’s path differs from other governments with sizable Bitcoin positions. The United States and the United Kingdom hold large amounts tied to law enforcement seizures. The UAE’s holdings, however, come mostly from domestic mining.
The country’s mining expansion began in 2022. Citadel Mining, an entity linked to Abu Dhabi’s ruling family, launched large facilities on Al Reem Island. The move marked a wider regional effort to build digital asset infrastructure with state-aligned support.
Momentum increased in 2023. Marathon Digital Holdings and Abu Dhabi-based Zero Two formed a joint venture to deploy 250 megawatts of immersion-cooled Bitcoin mining capacity. The project became one of the region’s largest public mining plans.
Also Read: Arthur Hayes Warns AI Credit Crisis Looms as Bitcoin Signals Liquidity Crunch
Arkham has revised the previous estimates made in August 2025. In the previous estimates, the firm valued the UAE’s mined Bitcoin at approximately $700 million at a period when the price was higher.
Abu Dhabi Sovereign Funds Boost Bitcoin ETF Exposure
In the previous estimates, the firm had valued the total mined output at 9,300 BTC, and approximately 6,300 BTC were still held.
With the new estimates, the amount held by the UAE is equivalent to approximately 0.03% of the total Bitcoin supply.
Sovereign entities in Abu Dhabi have also increased their investment in regulated products involving Bitcoin. Mubadala revealed it had invested in 12.7 million shares in iShares Bitcoin Trust (IBIT). This was valued at about $630.6 million as of the end of Dec. 31.
The investment increased by 46% from the previous 8.7 million shares at the end of September. This filing shows the growing interest in regulated Bitcoin products.
Another Abu Dhabi-based investment firm, Al Warda Investments, has also increased its investment in regulated products involving Bitcoin. It increased its investment to 8.22 million shares in the fourth quarter of 2025. In the previous quarter, the firm had invested in 7.96 million shares.
Also Read: XRP Ledger’s Latest Upgrade Enables Permissioned DEX for Regulated Institutions
