UAE-Linked Bitcoin Mining Spotted On-Chain
Blockchain analytics firm Arkham Intelligence detected a major mining operation connected to UAE-based investors operating with Citadel Mining. The operation has accumulated around $453M worth of Bitcoin through mining activity.
This isn’t direct government treasury buying it reflects private institutional exposure using infrastructure instead of market purchases.
Insight:
During quiet markets, smart money often accumulates via mining and long-term positioning rather than trading.
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