(Royal Group) owns around $700 million worth of BTC through its Catadel mining farm.
Royal Group is a large Abu Dhabi-based conglomerate controlled by Sheikh Tahnoon bin Zayed Al Nahyan. They use a company called Citadel mining farm to mine the cryptocurrency Bitcoin. From there, they can estimate that they have holdings of around
seven$700 million worth of Bitcoin. And they consider Bitcoin as a reserve asset.
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