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UAE Mined $454M in Bitcoin, Holds $344M Profit as Supply Tightens

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TL;DR:

The United Arab Emirates has quietly emerged as a major Bitcoin accumulator, with fresh data showing the country has mined nearly $454 million worth of BTC through its partner, Citadel Mining. According to on-chain analytics platform Arkham Intelligence, the UAE’s Royal Group has mined a total of 6,...

Key Points:

  • UAE Mined $454M in Bitcoin, Holds $344M Profit as Supply Tightens
  • Involves BTC, UNI cryptocurrencies

    • Background:

    Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

    Why It Matters:

    This development could influence BTC price action and market sentiment in the near term.

    UAE Mined $454M in Bitcoin, Holds $344M Profit as Supply... | NewsCR