Arkham reveals UAE built massive Bitcoin reserve through state mining

The United Arab Emirates has quietly built one of the world’s largest sovereign Bitcoin reserves by mining the asset domestically rather than buying it. Blockchain analytics firm Arkham Intelligence reported that wallets linked to UAE government entities hold around 6,300 Bitcoin, valued at roughly $700 million. The findings show how the country used state-linked mining infrastructure to accumulate digital assets at scale. This approach marks a departure from the common sovereign crypto strategy of acquiring Bitcoin through confiscations or market purchases. It places the UAE among the few nations generating reserves directly from mining operations. https://twitter.com/arkham/status/2024367067194151095?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2024367067194151095%7Ctwgr%5E498dbd5223467bbbf57c83611f2d64fb1539630b%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcrypto.news%2Farkham-uae-built-700m-bitcoin-stockpile-through-mining%2F Arkham tracks state wallets Arkham’s on-chain research identified Bitcoin held in wallets associated with UAE government-linked organisations. The firm estimates these wallets contain approximately…