Just noticed an interesting strategy from the UAE regarding bitcoin mining. They now have an unrealized gain of around $344 million from 6,782 BTC they produced themselves, worth about $450 million. What's interesting is that their mining operations continue to run consistently, generating approximately 4.2 BTC per day even during market volatility. Unlike many Western countries that only acquire bitcoin through asset seizures, the UAE is building a strategic digital reserve by continuously holding their mining yields. They started aggressively in 2022 through Citadel Mining, then expanded with a partnership with Marathon Digital for 250-megawatt immersion cooling capacity. When bitcoin surged last August, their position nearly reached $700 million. What catches my attention is their accumulation strategy during a weak market—while many other miners are forced to sell to cover operational costs, the UAE keeps holding and accumulating. This is not a game; it's a serious play in the crypto sovereignty game. It looks like they are betting long-term on bitcoin as a reserve asset.

BTC-3,47%
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