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UAE Royal Group Builds $453M Bitcoin Reserve Through Mining

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UAE Royal Group Builds $453M Bitcoin Reserve Through Mining
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TL;DR:

The post UAE Royal Group Builds $453M Bitcoin Reserve Through Mining appeared first on Coinpedia Fintech News The United Arab Emirates has quietly built a massive Bitcoin reserve worth over $453 million through its Royal family mining operation. The holdings, linked to Citadel Mining, highlight the...

Key Points:

  • The UAE Has Quietly Built Up a $453 Million Bitcoin Reserve: Arkham - Bitcoin Magazine
  • Story reported by 3 sources including UAE Royal Group Builds $453M Bitcoin Reserve Through Mining
  • Involves BTC cryptocurrency

    • Background:

    Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.

    Why It Matters:

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