UAE Strikes Gold in the Digital Desert: $344M Profit from Bitcoin Mining!

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Well, bless my stars and stripes, the UAE has gone and struck it rich in the digital desert, mining a cool $453.6 million in Bitcoin alongside Citadel, and sittin’ pretty on a $344 million profit-energy costs be darned!

Now, hold onto your camels, folks, because the United Arab Emirates ain’t just sippin’ tea in the shade-they’re out here diggin’ up digital gold like it’s 1849 all over again. Partnered with Citadel, they’ve mined a whopping $453.6 million in Bitcoin, and they’re holdin’ onto it tighter than a miser with a gold nugget. No major outflows in four months? Looks like they’ve got a case of the “hodl” bug, and it’s payin’ off handsomely.

Mining Like It’s Goin’ Out of Style

According to the number-crunchers at BlockBeats, citin’ data from Arkham, the UAE’s mined Bitcoin stash is sittin’ at $453.6 million. That’s enough to make a sheikh’s eyes water with joy. And let me tell you, they ain’t sellin’ it off like hot falafel at a bazaar-they’re holdin’ steady, like a Bedouin in a sandstorm.

Citadel’s in on the action too, helpin’ the UAE dig up this digital treasure. Most of it’s still in the vault, gatherin’ dust-or rather, gatherin’ value. As Arkham puts it:

THE UAE MINED $450M BITCOIN

Yep, you heard it right. The UAE’s been busy as a bee in a rose garden, minin’ $453.6 million in Bitcoin with their pals at Citadel. And they’re holdin’ onto it like it’s the last drop of water in the Sahara. Last time they let any of it go was four months ago. Excludin’ energy costs, they’re sittin’ on a profit that’d make a robber baron blush.

– Arkham (@arkham)

On-chain records show the last outflow was four months back, and since then, they’ve been as still as a sphinx. Looks like they’re playin’ the long game, not flingin’ their Bitcoin around like confetti at a carnival.

After you subtract the energy costs-which, let’s be honest, ain’t cheap-they’re still sittin’ on a $344 million profit. That’s enough to buy a whole lot of camels, or maybe even a private island. These numbers are as solid as a pyramid, reflectin’ the market value at recent price levels. Talk about a lucrative partnership!

Sovereign Stash Surpasses $900 Million

But wait, there’s more! The UAE ain’t just stoppin’ at mining. They’ve gone and dipped their toes into regulated investment vehicles, bringin’ their total Bitcoin exposure to over $900 million as of February 2026. That’s right, folks-oil money’s buyin’ the dip, and they’re doin’ it with style.

Mubadala Investment Company dropped a cool $437 million into BlackRock’s iShares Bitcoin Trust back in early 2025. That’s one of the biggest state-backed bets on a Bitcoin ETF you’ll ever see. And they didn’t stop there. The Abu Dhabi Investment Council upped the ante later in 2025, snatchin’ up nearly 8 million IBIT shares, valued at around $518 million. That’s what I call playin’ the long game.

WHILE YOU ARE SCARED, THE UAE NOW OWNS OVER $900,000,000 WORTH OF BITCOIN

OIL MONEY IS BUYING THE DIP

– Vivek Sen (@Vivek4real_)

And let’s not forget the Senate Democrats urgin’ a CFIUS review of the UAE’s crypto investment in WLFI. Seems like everybody’s got their eyes on this digital gold rush.

Long-Term Hoardin’ Strategy

Now, the UAE ain’t just flingin’ darts at a board here. They’ve got a strategy as solid as a camel’s back. Officials are callin’ Bitcoin a long-term store of value, just like gold. It’s all part of their diversification plan, and they’re playin’ it cooler than a cucumber in a fridge.

This ain’t no short-term fling-they started positionin’ in late 2024 and kept at it through 2025. By February 2026, their combined ETF holdings had hit 16 million shares. And even when the Crypto Fear & Greed Index dropped to extreme fear levels near 9, they didn’t bat an eye. Their holdings stayed put, steady as a rock in a sandstorm.

But they ain’t just stoppin’ at ETFs. Abu Dhabi-linked entities have been buddyin’ up with the likes of ADQ and Marathon Digital Holdings for mining partnerships. That’s right, they’re gettin’ operational and financial exposure to Bitcoin, coverin’ all their bases like a pro.

Put it all together, and you’ve got a picture of structured growth in sovereign Bitcoin exposure. The UAE’s mining profits and ETF holdings make ’em one of the biggest state-level players in the Bitcoin game. So, while the rest of us are scratchin’ our heads, the UAE’s out here laughin’ all the way to the digital bank.

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2026-02-19 15:01