UAE BTC Profits Jump to $344M Despite Bitcoin Price Drop

The UAE’s Royal Group, linked to Abu Dhabi’s ruling circle, has accumulated 6,782 Bitcoin through its mining arm, Citadel Mining. On-chain tracking shows the wallet cluster dating to March 2022, with inflows tied to mining activity rather than market buys.

Arkham attribution links many transfers to mining pools, with Foundry Digital appearing as a frequent source of payouts. Activity accelerated in late 2025, and the tracked wallets show no clear evidence of outbound sales since that period.

At current prices, the holding is valued near $454 million, with Bitcoin price trading around $66,895, down 2% in the last 24 hours. The same wallet cluster drew attention in August 2025, when the coins were worth about $700 million during higher market levels.

Source: CoinCodex

Also, the group has expanded capacity in the Emirates, where power costs can be competitive for large industrial users. The operation is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, who oversees the wider conglomerate’s strategy across multiple sectors.

Profit Estimate Rises to $344M while BTC Prices Stay Below Peak

Using the current value of the mined coins and excluding energy expenses, the operation’s paper profit is estimated at $344 million. The calculation reflects a simplified view of costs and does not include capital spending, staffing, or infrastructure.

Even with that, the figure stands out because Bitcoin remains far below its October record near $126,500. Prices have fallen to the low-$60,000s at points in recent weeks, keeping market sentiment cautious while miners and long-term holders assess cash-flow needs.

Bitcoin’s pullback reduced the market value of the inventory, yet the position remains sizeable relative to many private holdings visible on-chain. Because the stash is held in Bitcoin, its dollar value changes with every move in spot markets, and the profit estimate shifts accordingly over short time horizons.

For mining-focused treasuries, the gap between production costs and spot prices can widen during drawdowns. However, a large inventory built during earlier periods can still show gains if coins were mined when prices and network conditions were different.

Analyst Map the Post Breakdown Landscape

Analysts point to a bearish-flag structure that developed after Bitcoin traded in the $88,000–$90,000 region. The breakdown from that formation aligned with a drop of roughly 30%, taking price toward $59,800 before stabilizing.

Since then, Bitcoin has traded mostly between $65,000 and $71,000, a range some traders treat as consolidation. However, there is a potential rebound toward $80,000, which is the next resistance zone.

On the downside, $60,000 is widely monitored as a support level because recent lows formed near that region. A sustained move below it would shift attention to lower reference areas near $50,000 and $40,000.

Additionally, Bitcoin price is on track for a fifth consecutive weekly decline, which would be its longest weekly losing run since 2022. Monthly performance has also been negative since October, and Bitcoin has trailed gold for seven straight months in that pairing.

Source: Glassnode

The slide has coincided with tighter financial conditions linked to geopolitics. Reports cite a larger U.S. air-power presence in the Middle East, with markets weighing the possibility of U.S. strikes on Iran; prediction market odds have pointed to a 27% chance by month’s end.