The UAE’s Royal Group, a major conglomerate tied to Abu Dhabi’s ruling family, has amassed about 6,450 Bitcoin via state-sponsored mining, placing the country among the largest sovereign holders of BTC, according to Arkham Intelligence data.

By the end of August 2025, Arkham reported that the Royal Group held more than 6,300 BTC worth about $700 million. With Bitcoin’s sharp volatility since then, the holdings are now valued at roughly $590 million.

The digital assets have been accumulated through Citadel Mining, a publicly listed company majority-owned by the UAE’s International Holding Company. Citadel Mining operates an 80,000-square-meter mining facility built in Abu Dhabi in 2022, developed in partnership with Phoenix Group, another UAE public mining company.