In a grandiose ballet of hard drives and headlamps, the UAE‑linked Citadel Mining-an enterprise as gallant as any dashing British lieutenant-has commandeered a staggering 6,782 Bitcoin, amounting to a princely $453.6 million. According to the ever‑watchful Arkham Intelligence, this venture began in the year two thousand and twenty‑two, making use of Abu Dhabi’s blessedly cheap energy and industrial facilities. No significant Bitcoin outflows have been seen in the past four months, suggesting that this plan is no fleeting splash in a quick‑soaked punchbowl but a long‑term fondue of gold‑tech. Accounting for the inevitable costs of the electric glimmer, the unrealized profit on these digital coffers is about $344 million. Evidently, the UAE now stands among the world’s most noteworthy Bitcoin owners, turning mining into a strategic reserve of digital riches rather than a mere trading shoal. One can only imagine the fervent tea parties within the Emirate’s glittering halls, where crisp jokes about ethereum’s fluctuations and furtive nods to bitcoin’s volatility go hand in hand with clinking champagne glasses.
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2026-02-19 14:57