Abu Dhabi-based Bitcoin miner Phoenix Group has launched a $150 million strategic cryptocurrency reserve, changing into the primary publicly listed firm on the Abu Dhabi Securities Change (ADX) to determine a digital asset treasury.
The corporate stated Thursday the reserve contains 514 Bitcoin (BTC) and 630,000 Solana (SOL), describing it as a long-term holding technique.
This makes Phoenix Group the primary firm listed on the ADX to determine a strategic cryptocurrency treasury, the corporate stated in an announcement shared with Cointelegraph.
“Holding Bitcoin and other strategic digital assets isn’t just about exposure. It’s about alignment,” stated Munaf Ali, co-founder and CEO of Phoenix Group. “We believe in the long-term value these networks represent, and our treasury strategy reflects that belief.”
Phoenix Group was one of many 5 most-traded and best-performing shares on the ADX within the second quarter of 2025 after its share value rose by over 72% from April to June.
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Publicly listed Bitcoin mining agency BitMine Immersion Applied sciences turned the biggest Ether (ETH) treasury agency after saying plans to amass as much as 5% of Ether’s provide.
BitMine at present holds 625,000 Ether tokens, or 0.52% of the overall circulating ETH provide, the agency announced on Tuesday, as a part of a $1 billion inventory repurchase program.
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Phoenix Group reported $29 million in income and a complete of 336 BTC mined throughout its world operations, together with 214 BTC attributed to self-mining, through the second quarter of 2025.
This marks a 51% decline from the primary quarter, when Phoenix Group mined a cumulative 689 BTC.
Nonetheless, the miner has reported a 219% surge in self-mining Bitcoin income over two years, from $13 million within the first half of 2023 to over $41.7 million within the first half of 2025, with a 31% gross profitability margin on self-mining and a 14% discount in power prices.
Phoenix Group additionally reported $16 million price of debt and a non-cash lack of $29 million, “due to revaluations in its digital asset portfolio and a one-time depreciation adjustment under revised accounting standards.”
Phoenix stated it expects a partial restoration in asset valuations in Q3, pushed by rising costs of key holdings akin to Solana.
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Supply: cointelegraph.com
