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\n\t\t\t\t\t\t\t\t\tOver the years, the UAE has increased its Bitcoin holdings through mining and ETF purchases, with exposure now exceeding $1 billion.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Changpeng Zhao (CZ), founder and former CEO of the world\u2019s largest crypto exchange, Binance, has revealed his role in the United Arab Emirates\u2019 (UAE) Bitcoin adoption.<\/p>\n
In a tweet highlighting information that the UAE has formally recognized bitcoin (BTC) as a store of value similar to gold, CZ disclosed<\/a> that his advocacy contributed to the development.<\/p>\n \u201cI might have done a tiny bit of advocacy for this,\u201d the Binance founder said.<\/p>\n<\/blockquote>\n It is no news that CZ established his primary residence in Dubai in 2021, due to the city\u2019s pro-crypto and forward-thinking environment. His presence in the city and influence<\/a> on prominent figures have certainly affected<\/a> their stance on Bitcoin and the crypto industry as a whole.<\/p>\n Over the years, the UAE has increased its Bitcoin exposure through mining and the purchase of exchange-traded funds (ETFs). By 2022, Abu Dhabi\u2019s royal family had ventured into Bitcoin mining through its affiliated firm, Citadel Mining. The royal family, through Citadel, established large-scale mining operations on AI Reem Island and has since amassed over $450 million in bitcoin.<\/p>\n Earlier today, the market intelligence platform, Arkham, revealed<\/a> that the UAE has mined $453.6 BTC. On-chain data shows the entity has been holding the majority of BTC produced, with its last outflow recorded 4 months ago. The royal family is now $344 million in profit on their BTC, minus energy costs.<\/p>\n Besides the Bitcoin mining ventures, two major Abu Dhabi sovereign wealth entities, namely Mubadala Investment Company and Al Warda Investments, have purchased millions of shares in spot Bitcoin ETFs. By the end of 2025, the companies had amassed more than $1 billion in combined holdings of BlackRock\u2019s iShares Bitcoin Trust (IBIT).<\/p>\n Separate 13F filings with the U.S. Securities and Exchange Commission (SEC) revealed that by the end of last year, Mubadala held<\/a> over 12.7 million shares in IBIT. On the other hand, Al Warda owned<\/a> at least 8.21 million shares of the same product. The shares were worth $631 million and $408 million, respectively.<\/p>\n Although the value of the ETF shares has plummeted alongside bitcoin\u2019s price, the combined Bitcoin exposure for the UAE remains well above $1 billion. With the government recognizing BTC as a store of value, the cryptocurrency is likely to be treated as a permanent reserve asset going forward.<\/p>\nCZ Influenced the UAE\u2019s Bitcoin Adoption<\/h2>\n
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UAE\u2019s Bitcoin Exposure Crosses $1B<\/h2>\n
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