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 publish detailing the area’s success as a $BTC miner, CZ stated he has advocated for the enterprise, an announcement that aligns along with his enterprise pursuits within the area.
UAE goes absolutely into Bitcoin mining
The conversations across the UAE pivot into gold began with Arkham. The information platform stated the UAE has to date mined $453.6 million in Bitcoin by means of its accomplice Citadel.
As confirmed, the nation seems to be holding onto the vast majority 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 present in revenue of $344 million on its Bitcoin holdings, when power prices are excluded.
These conversations have been compounded when Pete Rizzo stated the UAE now considers Bitcoin as a retailer of worth. In accordance with him, the nation now owns over $1 billion price of $BTC.
I may need finished a tiny little bit of advocacy for this. 😆 https://t.co/49pSXuU4Zg?from=article-links
— CZ 🔶 BNB (@cz_binance) February 19, 2026
Identified 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 america, his famous function within the UAE has a precedent.
Not all nations are HODLing Bitcoin
Because the Bitcoin value rose to its all-time excessive (ATH) final yr, many nations additionally doubled down on their adoption of the coin.
One of many distinguished nations is Bhutan, which, as reported earlier by U.At the moment, invested $65 million into the coin in January 2025. On the time, the nation’s reserves topped $1.2 billion.
In latest occasions, there have been confirmations that Bhutan has been step by step 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.
