UAE ACCUMULATES $453.6M IN MINED BITCOIN, REPORTS $344M FLOATING PROFIT
The United Arab Emirates has accumulated Bitcoin valued at approximately $453.6 million through its mining operations, conducted in partnership with Citadel.
Most of these mined assets remain held, with the last recorded capital movement occurring approximately four months ago.
After deducting energy and associated costs, the current unrealized profit on these Bitcoin holdings is estimated at $344 million.
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