The post UAE Government Mines $455M in Bitcoin via Citadel Mining appeared first on Coinpedia Fintech News The UAE‑linked Citadel Mining has mined and held aboutThe post UAE Government Mines $455M in Bitcoin via Citadel Mining appeared first on Coinpedia Fintech News The UAE‑linked Citadel Mining has mined and held about
UAE Government Mines $455M in Bitcoin via Citadel Mining
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
The post UAE Government Mines $455M in Bitcoin via Citadel Mining appeared first on Coinpedia Fintech News
The UAE‑linked Citadel Mining has mined and held about 6,782 Bitcoin ($453.6 million), according to on‑chain data tracked by Arkham Intelligence. The mining push began in 2022 and leverages Abu Dhabi’s low‑cost energy and industrial facilities, with no major Bitcoin outflows in the past four months, suggesting a long‑term stance. After accounting for energy costs, unrealized profit on the holdings is around $344 million. The accumulation ranks the UAE among the world’s notable Bitcoin holders and reflects a broader national strategy of using mining to build digital reserves rather than simply trading assets.
Market Opportunity
Octavia Price(VIA)
$0.001603
$0.001603$0.001603
USD
Octavia (VIA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Kraken Financial Secures Federal Reserve Master Account in Historic First for U.S. Crypto Banking
Kraken has announced that its Wyoming-chartered bank, Kraken Financial, has received a master account from the Federal Reserve.
Share
Blockchainreporter2026/03/05 04:00
Ethereum Foundation Targets Trust Role in AI Ecosystem
TLDR The Ethereum Foundation plans to position Ethereum as a trust layer for AI systems. The organization will focus on coordination and verification instead of
Share
Blockonomi2026/03/05 04:44
Hamster Kombat Daily Cipher Today, March 5, 2026: Decode the Code and Grab Free HMSTR Coins
Hamster Kombat Daily Cipher March 5, 2026 Guide: How Telegram Players Decode the Secret Morse Code to Earn HMSTR Rewards
The rapid growth of Telegram-based gami
Share
Hokanews2026/03/05 04:46