UAE Sits on $344M Profit From $450M Bitcoin

UAE mines $453.6M in Bitcoin with Citadel, holds most of it, and sits on $344M profit excluding energy costs.

The United Arab Emirates has mined approximately $453.6 million worth of Bitcoin through its partnership with Citadel, continues to hold the majority of the mined assets with no major outflows in four months, and is currently reporting an estimated $344 million profit excluding energy costs.

Mining Operations Generate Hundreds of Millions

Data cited by BlockBeats and sourced from Arkham shows that the UAE has accumulated $453.6 million in mined Bitcoin.

UAE partnered with Citadel to carry out the mining activity. Most of the mined Bitcoin has been retained.

On-chain records indicate that the most recent outflow occurred four months ago. Since then, holdings appear largely unchanged. This suggests a holding strategy rather than active selling.

After excluding energy costs, current profits are estimated at $344 million. These figures reflect market value at recent price levels. The data points to strong gains from the mining collaboration.

Sovereign Exposure Surpasses $900 Million

Beyond mining, UAE entities have expanded their Bitcoin exposure through regulated investment vehicles.

Total sovereign-related exposure now exceeds $900 million as of February 2026. This includes both ETF stakes and mining-linked assets.

Mubadala Investment Company disclosed about $437 million in exposure to BlackRock’s iShares Bitcoin Trust in early 2025.

This marked one of the largest state-backed allocations to a Bitcoin ETF at that time.

Later in 2025, the Abu Dhabi Investment Council increased its position. Reports indicate it raised its stake to nearly 8 million IBIT shares.

The position was valued at approximately $518 million at disclosure.

Related Reading: Senate Democrats Urge CFIUS Review of UAE Crypto Investment in WLFI

Long-Term Allocation Strategy

Officials have described Bitcoin as a long-term store of value similar to gold. The allocation has been framed as part of a diversification strategy.

The approach differs from short-term trading seen in other markets. The accumulation followed a steady timeline.

Initial positioning began in late 2024, and exposure expanded throughout 2025. By February 2026, combined ETF holdings surpassed 16 million shares.

The UAE maintained exposure during recent market volatility. In February 2026, the Crypto Fear & Greed Index fell to extreme fear levels near 9.

Sovereign holdings remained intact during that period. In addition to ETFs, Abu Dhabi-linked entities have pursued mining partnerships.

These include collaborations involving ADQ and Marathon Digital Holdings. This structure provides both operational and financial exposure to Bitcoin.

Taken together, the data shows structured growth in sovereign Bitcoin exposure.

The UAE’s mining profits and ETF holdings position it among the largest state-level allocators to Bitcoin-related assets.

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