Binance Founder Changpeng “CZ” Zhao has revealed the function he performed within the optimistic shift of the United Arab Emirates as a Bitcoin miner. Reacting to a put up detailing the area’s success as a $BTC miner, CZ stated he has advocated for the enterprise, a press release that aligns along with his enterprise pursuits within the area.
UAE goes totally into Bitcoin mining
The conversations across the UAE pivot into gold began with Arkham. The info platform stated the UAE has to this point mined $453.6 million in Bitcoin by its companion Citadel.
As confirmed, the nation seems to be holding onto nearly all of the Bitcoin they produce, with its most up-to-date outflows recorded about 4 months in the past.
Arkham stated the UAE is at the moment in revenue of $344 million on its Bitcoin holdings, when power prices are excluded.
These conversations had been compounded when Pete Rizzo stated the UAE now considers Bitcoin as a retailer of worth. In response to him, the nation now owns over $1 billion price of $BTC.
I might need carried out a tiny little bit of advocacy for this. 😆 https://t.co/49pSXuU4Zg?from=article-links
— CZ 🔶 BNB (@cz_binance) February 19, 2026
Recognized for his engagements with world leaders, CZ has been selling Bitcoin adoption for some time. From signing a Memorandum of Understanding (MoU) with Kazakhstan whereas serving as Binance CEO to coverage advocacy in the USA, his famous function within the UAE has a precedent.
Not all international locations are HODLing Bitcoin
Because the Bitcoin value rose to its all-time excessive (ATH) final 12 months, many international locations additionally doubled down on their adoption of the coin.
One of many outstanding international locations is Bhutan, which, as reported earlier by U.As we speak, invested $65 million into the coin in January 2025. On the time, the nation’s reserves topped $1.2 billion.
In latest instances, there have been confirmations that Bhutan has been regularly offloading its Bitcoin stash. This comes because the $BTC price of manufacturing has considerably dropped to a brand new excessive, relative to costs.
This pattern confirms the broader sentiment round Bitcoin as accumulations and sell-offs proceed to gas ongoing value volatility. As of writing time, the coin was altering palms for $66,507, down 1.73% in 24 hours.
