Arkham Intelligence reports that the Royal Group of UAE bitcoin mining operation is sitting on an estimated $344 million unrealized profits, without including costs for energy.
Arkham attributed The firm deposited 6,782 BTC into wallets linked to mining activities in the UAE, which were valued at $453.6 Million at the time the analysis was conducted. The implied profit is based on the current Bitcoin prices minus estimated production costs. However, the firm noted that electricity and operating expenses are not included in the calculation.
Arkham’s data onchain also indicates a constant pace in mining production.
In the last seven days, wallets linked to the UAE have been accessed by more than 50,000 people. produced Around 4.2 BTC a day is indicative of ongoing large-scale industrial operations. The analytics company added that it appears the UAE has retained most of its bitcoins, and the last withdrawal from wallets was around four months back.
These findings show that the UAE is on a completely different track than many governments who have large Bitcoin positions.
Some countries, such as United States There are significant reserves in the United Kingdom that are tied to law enforcement seizuresArkham claimed that mining in the UAE was the primary factor behind UAE accumulation.
UAE mining drive traces back Citadel Mining – an Abu Dhabi royal family entity – established large scale operations on Al Reem Island. In the same year, a broader effort was made to encourage digital asset infrastructure in the region with capital provided by state-connected firms.
Marathon Digital Holdings, Abu Dhabi and Zero Two will join forces in 2023. announced The joint venture will develop 250 megawatts worth of mining capacity for bitcoin using immersion cooling. It was one of largest industrial mining projects in the area, reflecting UAE ambitions to develop a center for crypto infrastructure.
Arkham has revised down its earlier estimation from August 20, 2025. At that time, the company attributed around $700,000,000 in mined bitcoins to the UAE. This was during a higher price period. Arkham said that at that time the UAE had mined around 9,300 BTC. It also held approximately 6,300 BTC. The country was ranked amongst the top 10 sovereign entities for verified blockchain holdings.
Arkham estimates that the UAE holds about 0.03% (or 0.003 percent) of the total bitcoin supply.
Abu Dhabi Bitcoin ETF Exposure
Abu Dhabi’s sovereign fund is also joining in. This week, they disclosed a significant increase in exposure to BlackRock’s iShares Bitcoin Trust. As of December 31, they reported ownership of approximately $630.6 Million worth of shares. This is a massive 46% increase from the 8,7 million shares reported previously at the end September.
Mubadala manages assets worth more than $330 Billion. It oversees global portfolios in technology, healthcare and infrastructure as well as private equity. Mubadala’s mission statement is to support the economic diversification outside of oil and generate long-term return for Abu Dhabi.
Al Warda Investments also has an Abu Dhabi office. raised Its IBIT positions in Q4 2020 will be 8.22 millions shares up from 7.96 in Q3, continuing the shift to public Bitcoin ETF exposure which began earlier this year.
Al Warda has always focused its investments on the private sector. The region is therefore noticing the growing contribution of Al Warda to IBIT. Abu Dhabi Investment vehicles together held 20 million IBIT stocks at the end of 2012, worth more than $1 billion.
Arkham noted that the United States is the world’s largest sovereign Bitcoin holder with 328,000 BTC worth $22 billion. This was largely due to seizures linked to the Bitfinex hack Silk Road investigations.
Bitcoin’s price is currently trading just below $66,000.
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Source: bitcoinmagazine.com
