The tweet was deleted by the author.
But we saved everything 🙂.
Royal Group, family office of Abu Dhabi ruling family, has accumulated 6,782 BTC through its Citadel Mining unit. All coins were obtained exclusively through mining rather than exchange purchases. At current prices, holdings are valued at about $454 million, making it one of largest private Bitcoin reserves recorded onchain.
According to Arkham onchain analytics, wallets linked to group show steady inflows from mining pools, primarily Foundry Digital.
Transaction history dates back to March 2022. Since operations scaled in late 2025, there has been no evidence of outflows or sales. Unrealized profit, excluding energy costs, is estimated at roughly $344 million.
Approach reflects broader global trend among energy rich jurisdictions and large private players that choose direct mining as way to gain Bitcoin exposure without relying on exchanges.
At time of publication, Bitcoin traded near $67,150, down about 1.4% over past 24 hours, according to CoinMarketCap.
For UAE, strategy reinforces positioning as one of key crypto hubs. Dubai and Abu Dhabi have established regulatory frameworks for digital assets, and combination of mining, infrastructure and financial initiatives supports integrated ecosystem. If trend continues, Emirates could emerge as informal leader among countries with largest Bitcoin reserves, even if assets are formally held by private entity.
Earlier, Animoca Brands received virtual asset service provider license in Dubai, enabling company to expand crypto services across Middle East and work with institutional investors.