Unrealized Bitcoin profits in the United Arab Emirates are around $344 million According to Arkham’s on-chain data, the mining operations make it one of the most important sovereign cryptocurrency games in the world.
Wallets associated with the Emirates Royal Group currently hold approximately 6,782 Bitcoins, worth approximately $450 million. Excluding energy costs, Arkham estimates the location is in the green, reflecting below-average costs for multiple years of industrial-scale mining compared to open market purchases.
Over the past seven days, the mine has produced approximately 4.2 Bitcoin per day, indicating that the country’s mining infrastructure remains active despite Bitcoin’s recent slide from its late-2025 highs and greater volatility in risky assets.
The development of the mining industry in the UAE dates back to 2022, when Citadel Mining, which is linked to the Abu Dhabi royal family through an international holding company, built a large facility on Al Reem Island.
In 2023, Marathon Digital (MARA) (now known as MARA Holdings) partnered with Abu Dhabi-based Zero Two to develop 250 MW of immersion cooling mining capacity, one of the largest deployments disclosed in the region.
In August, when Bitcoin trading was at high levels, Arkham estimated mining volumes in the UAE were approaching $700 million. The latest data reflects updated wallet tracking and lower market prices rather than a major sale, with the most recent significant outflow occurring approximately four months ago.
Unlike the United States or the United Kingdom, where Bitcoin holdings come primarily from asset seizures, the UAE’s Bitcoin reserves are the product of ongoing mining. By holding a majority of what is produced, the Gulf state is effectively turning energy and infrastructure into strategic digital reserves that compound over time.
In a market where many miners have been forced to sell assets amid weakness to fund their operations, the UAE appears to have taken the opposite approach, steadily increasing its holdings during the drawdown.
