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Gate Square New & Returning Creator Rewards are ongoing!
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Middle Eastern Governments Enter the Market: UAE Official Holds 6,636 BTC, Bitcoin Becomes a New Favorite in National Assets
【Blockchain Movement】An interesting development has emerged. According to industry insiders, the UAE government is conducting large-scale Bitcoin mining through official channels, and this trend has been ongoing for some time.
Based on the latest statistics from on-chain data tracking agency Arkham, the UAE government wallet holds approximately 6,636 Bitcoins through the mining platform Citadel Mining, worth about 600 million USD at current market prices.
This is no small matter. A sovereign nation investing government resources into Bitcoin mining and asset reserves sends what kind of signal? It indicates that more and more governments are beginning to view crypto assets as strategic national resources. As one of the world’s major energy exporters, the UAE has abundant electricity resources, giving it a natural advantage in supporting mining operations. From an energy-exporting country to a Bitcoin reserve country, this shift reflects a global revaluation of digital assets.