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Citadel Mining mined 6,782 BTC valued at $454M, with an estimated $344M unrealized profit.
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Royal Group’s operation shows no significant sales, indicating a long-term Bitcoin investment strategy.
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In February, over 36,000 BTC were removed from exchanges. This tightens the supply as miners accumulate and long-term investors accumulate.
The United Arab Emirates is quietly emerging as a major Bitcoin accumulater. New data shows that the country has mined almost $454 million worth BTC through Citadel Mining, its partner.
Arkham Intelligence’s on-chain analytics platform reports that the UAE’s Royal Group mined 6,782 BTC total since operations began in march 2022. The holdings are currently worth about $453.6million at current prices. The operation is estimated to have around $344 million of unrealized profits, excluding energy and infrastructure costs.
Strategic Bitcoin Accumulation, Not Seizure
Citadel Mining, backed by Royal Group and chaired by Sheikh Tahnoon bin Zayed Al Nahyan, runs the operation. Citadel Mining is the company in charge of the operation, which is backed by Royal Group. Sheikh Tahnoon Bin Zayed Al Nahyan chairs it.
Blockchain data shows that mining pools such as Foundry Digital have been bringing in steady amounts of money. Since mining expanded at the end of 2025, there has not been a major sale. The last notable outflows occurred about four months ago. This indicates a long-term investment strategy.
Citadel’s Abu Dhabi plant, developed in 2022 with Phoenix Group, has mined thousands Bitcoins using the relatively cheap energy available in the country.
Royal Group, which has close ties with Abu Dhabi’s ruling families, does not include Bitcoin in sovereign wealth funds such as ADQ or Abu Dhabi Investment Authority. Analysts often view its holdings as being aligned with the state because of its close ties to Abu Dhabi’s ruling family.
UAE Expands Bitcoin Exposure
The UAE is increasing its institutional exposure beyond mining. Mubadala Investment Company increased its spot Bitcoin ETF allocation by 45% in recent weeks, bringing it to $630 million.
These moves are part of the UAE’s larger push to position Dubai as a regulated, crypto friendly jurisdiction. The UAE continues to attract global blockchain companies with its structured frameworks and active development of infrastructure.
The withdrawal of miners adds to bullish signals
The United Arab Emirates has a long-term Bitcoin strategy as the mining activity indicates a growing confidence in market.
Data from CryptoQuant indicates that more than 36, 000 BTC has been withdrawn since early February. Binance was the sole recipient of over 12,000 BTC, while the rest were spread across multiple platforms.
These large withdrawals are often placed in cold storage, which reduces the amount of Bitcoin that is available for immediate sales. In one day, more than 6,000 BTC left the exchanges. This was the largest daily outflow since November.
Long-term holders also added more than 380.000 BTC in the last 30 days, indicating steady demand.
Related: U.S.-listed Bitcoin miners hold near-record hashrate share despite AI shift and storm disruptions
Market Context
Bitcoin was trading at $66,450 in the last 24 hours, down 1.5%. Earlier this week, it briefly dropped close to $60,000 amid market volatility.
The supply of Bitcoin may continue to shrink as energy-rich countries such as the UAE mine and hold rather than buy on exchanges and miners move coins off exchanges. Bitcoin’s importance in the digital economy is increasing as institutions and long-term investors quietly accumulate.
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