The United Arab Emirates holds roughly 6,782 BTC (valued at about $450 million) from its bitcoin mining operations, sitting on an unrealized profit of approximately $344 million, according to onchain data from Arkham. Wallets linked to the UAE Royal Group show deep-in-the-green positions after accounting for energy costs, reflecting production costs well below average market prices.
Royal Group Wallet Details & Daily Output
Over the past seven days, the mining operation has produced around 4.2 BTC per day, indicating active infrastructure despite bitcoin's recent pullback from late-2025 highs and broader risk-asset volatility. Arkham estimates the position's cost basis is significantly lower than open-market buying due to years of industrial-scale mining.
Partnerships with Marathon Digital & Local Firms
The UAE's mining push began in 2022 when Citadel Mining (linked to Abu Dhabi's royal family via International Holding Company) built large facilities on Al Reem Island. In 2023, Marathon Digital (now MARA Holdings) partnered with Abu Dhabi-based Zero Two to develop 250 megawatts of immersion-cooled mining capacity—one of the largest disclosed deployments in the region.
In August, when bitcoin traded higher, Arkham pegged the UAE's mined holdings closer to $700 million. The latest figures reflect updated wallet tracking and lower market prices rather than major sales; the most notable outflows occurred roughly four months ago.
Contrast with U.S. & U.K. Bitcoin Holdings
Unlike the U.S. or U.K., whose bitcoin holdings largely stem from asset seizures, the UAE's stash is the product of sustained mining. By holding most of its output, the Gulf nation converts energy and infrastructure into a strategic digital reserve that compounds over time. In a market where many miners are forced to sell into weakness, the UAE appears to steadily accumulate during drawdowns.