BTC LETS GO TO UAE

Why the UAE's $454M Bitcoin stash isn't the dump danger you worry

Everyone assumes miners are pressured sellers. The narrative is often that they should dump always to pay for electricity and hardware. But the precise on-chain knowledge coming out of the UAE paints a totally totally different image.

The United Arab Emirates has mined roughly $453.6M value of $BTC via partnerships linked to Citadel. Based on Arkham knowledge, their last major sale was 4 months in the past. Most of these coins haven't moved.

Should you strip out electrical energy costs, they are sitting on an estimated profit of $344M. They have almost half a billion dollars they might liquidate right now, but they aren't touching it. This isn't a short-term money seize. It seems to be like strategic accumulation. While retail merchants panic over small moves, nation-states are quietly locking up the availability.

Does a rich nation-state hoarding mined cash make you bullish on worth or fearful about centralization?