The UAE holds 6,386 BTC, valued at almost $740 million, acquired through mining operations by Citadel Mining, a state-controlled entity. This makes the UAE the sixth-largest holder of Bitcoin globally, surpassing El Salvador. The UAE’s Bitcoin reserves are part of a larger pool of 517,000 BTC held by countries, worth over $57 billion.
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The UAE holds 6,386 BTC, valued at almost $740 million, acquired through mining operations by Citadel Mining, a state-controlled entity. This makes the UAE the sixth-largest holder of Bitcoin globally, surpassing El Salvador. The UAE’s Bitcoin reserves are part of a larger pool of 517,000 BTC held by countries, worth over $57 billion.
Source: [https://intel.arkm.com/explorer/entity/uae-royal-citadel](https://intel.arkm.com/explorer/entity/uae-royal-citadel)
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Another reason why bitcoin will never survive.