The United Arab Emirates (UAE) reportedly holds around $700 million in Bitcoin, primarily acquired through mining activities, according to blockchain analytics firm Arkham Intelligence. These holdings comprise approximately 6,300 Bitcoin, significantly lower than earlier speculations that the country possessed around 420,000 Bitcoin, mainly from criminal seizures. Arkham noted that the Bitcoin was mined via Citadel Mining, a firm partly owned by the UAE government’s International Holding Company (IHC). Unlike countries like the US and the UK, which have obtained Bitcoin through asset seizures, the UAE's Bitcoin comes entirely from mining operations. Arkham has corroborated this information through analysis of on-chain transactions and satellite imagery of mining facility construction. With these holdings, the UAE ranks as the sixth-largest sovereign holder of Bitcoin globally, surpassing nations like El Salvador and coming in behind the US, China, and the UK. Overall, the UAE has mined a total of 9,300 Bitcoin through its mining operations as part of the expansion of its cryptocurrency ecosystem.

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