UAE Surpasses $450M in Bitcoin Mining as CZ Backs BTC Adoption Drive

The United Arab Emirates (UAE) has mined more than $450 million worth of Bitcoin, marking a significant milestone in its growing role within the global crypto mining landscape. Binance founder Changpeng “CZ” Zhao recently stated that he played a part in encouraging the country’s move into Bitcoin mining, reinforcing his long-standing advocacy for Bitcoin adoption across key markets.

The conversation gained momentum after blockchain analytics platform Arkham revealed that the UAE, through its partner Citadel, has mined approximately $453.6 million in Bitcoin. On-chain data suggests that the country has retained most of its mined BTC, with the latest recorded outflows occurring roughly four months ago. This holding strategy signals a long-term commitment to Bitcoin as a strategic reserve asset.

According to Arkham’s estimates, the UAE is currently sitting on about $344 million in unrealized profit from its Bitcoin holdings, excluding energy costs. Additional commentary from Bitcoin advocate Pete Rizzo indicates that the UAE now holds more than $1 billion worth of BTC, further strengthening speculation that the country views Bitcoin as a store of value similar to gold.

CZ’s involvement aligns with his broader efforts to promote crypto adoption worldwide. During his tenure as Binance CEO, he engaged with policymakers and global leaders, including signing a Memorandum of Understanding with Kazakhstan and participating in crypto policy discussions in the United States. His reported advocacy in the UAE follows this established pattern of supporting national-level Bitcoin initiatives.

As the UAE expands its presence in Bitcoin mining and accumulates significant BTC reserves, it continues to position itself as a major player in the digital asset economy. The country’s strategic approach to crypto mining and long-term Bitcoin holdings reflects its ambition to lead in blockchain innovation and financial technology.