Phoenix Group has established a 150 million dollar digital asset fund as Abu Dhabi’s first listed public company.
Phoenix Group, a company that specializes in digital currency and Bitcoins (including 514 Bitcoin), announced the creation of a $150-million Digital Asset Treasury.BTCSolana (SOLThe miner can use tokens to track their progress. “long-term reserve.”
Phoenix Group, in an announcement to Cointelegraph on Thursday, said that it was the first listed company at the Abu Dhabi Securities Exchange.
“Holding Bitcoin and other strategic digital assets isn’t just about exposure. It’s about alignment,” Munaf A. Ali, CEO and co-founder at Phoenix Group, wrote:
“We believe in the long-term value these networks represent, and our treasury strategy reflects that belief.”
Phoenix Group, whose share price grew by more than 72% in April-June 2025 from its previous quarter, became one of five of the most traded and highest-performing shares on the ADX.
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In recent years, BitMine Immersion Technologies (a publically listed Bitcoin mining company) has become the largest Ether miner.ETH( treasury company after announcing its plans to purchase up to 5% Ether supply.
BitMine holds approximately 625,000 Ether Tokens or 0.52% the total circulating ETH Supply, according to the company announced On Tuesday, the company repurchased $1 billion worth of stock as part a program to repurchase stocks.
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Phoenix Group announces $29M in revenue for the Q2, a 219% increase in BTC mining by self-mining
Phoenix Group has reported $29 Million in Revenue and 336 BTC Mined across all its Global Operations, including 214 BTC attributable to Self-Mining during the Second Quarter of 2025.
Phoenix Group’s mining activity has dropped by 51% since the beginning of Q1, when it mined cumulatively 689 BTC.
Yet, the miner still reported a 219% increase in revenue from self-mining Bitcoin over the past two years. This was from $13,000,000 in the second half of the year 2023, to more than $41.7,000,000 in the first quarter of the year 2025. Self-mining had a margin of gross profitability of 31%, while energy costs were reduced by 14%.
Phoenix Group reported a debt of $16 million and a loss in cash of $29 millions. “due to revaluations in its digital asset portfolio and a one-time depreciation adjustment under revised accounting standards.”
Phoenix Group is expecting a “partial rebound in asset valuations” The recent price recovery in “key holdings such as Solana.”
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Source: cointelegraph.com
