- CZ confirms influence behind UAE’s rising Bitcoin mining strategy
- Blockchain data reveals UAE holds over $1B Bitcoin
- UAE retains mined Bitcoin as profits surge to $344M
Changpeng Zhao confirmed his involvement in the United Arab Emirates Bitcoin mining expansion after new blockchain data surfaced. The disclosure followed analytics showing the country’s growing Bitcoin accumulation and reserve strategy. Blockchain intelligence firm Arkham reported that the UAE has mined about $453.6 million worth of Bitcoin through partner Citadel. According to CZ’s post on X, he supported discussions that encouraged large scale mining in the region. His remarks directly linked policy engagement with the country’s expanding digital asset footprint.
Data from Arkham indicates that the UAE has retained most of the Bitcoin it produced. The analytics platform noted that the latest major outflow occurred roughly four months ago, reinforcing a long term holding pattern. Current estimates show the country sits on about $344 million in unrealized profit, excluding energy and operational costs. Meanwhile, Pete Rizzo stated that the UAE increasingly treats Bitcoin as a store of value. The nation’s holdings are now estimated to exceed $1 billion, placing it among governments exploring Bitcoin as a strategic reserve asset.
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National Mining Strategy Gains Momentum as Global Policies Diverge
CZ’s acknowledgment adds context to his history of engagement with policymakers worldwide. During his leadership at Binance, he promoted regulatory cooperation and digital asset adoption across several jurisdictions. The UAE has steadily positioned itself as a crypto friendly hub through regulatory clarity and infrastructure development. Consequently, the country continues attracting mining operators and blockchain companies seeking stable frameworks. This approach strengthens its standing within the global mining ecosystem and aligns with broader diversification efforts.
However, national strategies toward Bitcoin remain divided. Several countries expanded exposure as prices surged toward record highs last year, while others began trimming holdings as volatility increased. For instance, Bhutan significantly increased Bitcoin investments in early 2025 and saw reserves exceed $1.2 billion. Recent blockchain data suggests Bhutan has gradually reduced part of its holdings as production economics shifted. Bitcoin traded near $66,507 during the reporting period, reflecting a 1.73% daily decline. Despite short term fluctuations, state level participation in mining and reserve accumulation continues to grow.
CZ’s confirmation connects industry advocacy with the UAE’s expanding mining strategy. Updated blockchain data shows the country holds substantial reserves while maintaining long term exposure. The development underscores how governments continue adapting to evolving crypto market conditions.
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