A UAE-linked mining firm tied to the Royal Group has accumulated 6,782 Bitcoin valued at roughly $453–454 million, according to on-chain data from Arkham Intelligence. The wallets are attributed to Citadel Mining, which is majority-owned by 2PointZero, a subsidiary of the Abu Dhabi-based conglomerate International Holding Company.
Industrial Mining Strategy
Moreover, the holdings appear largely untouched, with no major outflows recorded over the past four months. Excluding energy costs, unrealised profit stands near $344 million, highlighting a disciplined accumulation strategy.
Citadel Mining has therefore built its position primarily through industrial-scale mining rather than open-market purchases. The operation runs in Abu Dhabi, where comparatively low energy costs support stronger mining economics. As a result, the model enables the firm to retain more mined Bitcoin instead of liquidating holdings to fund operations.
Strong Gains, Limited Selling
At current prices near $67,000, the 6,782 BTC reserve is worth about $454 million. Arkham’s data further indicates that the firm has maintained a clear holding pattern, with minimal wallet movement in recent months.
Many mining firms regularly sell part of their production; however, Citadel appears to be taking a long-term reserve approach. This strategy signals confidence in Bitcoin’s future value and reflects the backing of significant capital and infrastructure.
Position in the Global Landscape
The UAE-linked reserve now ranks among the largest non-seizure Bitcoin holdings tied to a sovereign-connected entity. Countries such as the United States and the United Kingdom hold larger amounts, although those reserves largely originate from asset seizures. Meanwhile, El Salvador has accumulated roughly 7,000 BTC through direct purchases, while Bhutan has also built reserves via mining.
Nevertheless, the UAE-linked strategy differs because it converts energy resources directly into digital assets. Although the operation remains a private, royal-affiliated initiative rather than a sovereign treasury programme, its scale underscores the region’s growing strategic interest in Bitcoin accumulation.
