UAE Royal-Linked Mining Group Holds Approximately 7,240…
By Karthik Subramanian
AI summary of the source article
Arkham Intelligence traced approximately 7,240 BTC valued at $532 million to Citadel Mining, an Abu Dhabi operation linked to the UAE's Royal Group. The holdings stem from corporate mining operations rather than sovereign reserves.
Why it matters
"The distinction matters because privately controlled mining assets do not necessarily constitute sovereign reserves available for government spending or monetary policy."
Key facts
- Arkham Intelligence identified 37 addresses tied to Citadel Mining holding roughly 7,238.66 BTC valued at $532 million.
- Citadel Mining is 85% owned by 2pointzero, a subsidiary of International Holding Company, which is 61% owned by the UAE Royal Group.
- The mining operation was established on Al Reem Island in Abu Dhabi in 2022, generating an estimated 4.2 BTC daily by February 2026.
Source excerpt · FinanceFeeds
Arkham Intelligence traces a substantial Bitcoin portfolio to Citadel Mining, an Abu Dhabi operation linked to Sheikh Tahnoon bin Zayed Al Nahyan through International Holding Company. A Bitcoin mining operation connected to Abu Dhabi's ruling family holds approximately 7,240 BTC valued at $532 million, according to blockchain intelligence data highlighted on November 12, 2026. The holdings are at…