Arkham says UAE royal-linked bitcoin miners are holding 6,782 BTC worth $453.6 million, sitting on an estimated $344 million unrealized profit while largely keeping their stash untouched.
Abu Dhabi investment vehicles together held over 20 million shares of BlackRock’s Bitcoin IBIT at the close of last year, with a combined value exceeding $1.1 billion.
The Abu Dhabi Investment Council more than tripled its stake in BlackRock’s iShares Bitcoin Trust to nearly 8 million shares in Q3, viewing Bitcoin as a long-term digital gold allocation.
PREDICT BITCOIN
