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 continually to pay for electricity and hardware. But the precise on-chain knowledge coming out of the UAE paints a totally totally different picture.

The United Arab Emirates has mined roughly $453.6M value of $BTC by means of partnerships linked to Citadel. In line with Arkham knowledge, their last main sale was four months ago. Most of these cash haven't moved.

When you strip out electricity costs, they are sitting on an estimated profit of $344M. They've almost half a billion dollars they might liquidate right now, but they aren't touching it. This isn't a short-term money grab. It appears like strategic accumulation. Whereas retail merchants panic over small strikes, nation-states are quietly locking up the availability.

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