Crypto and US tech stocks top UAE investment platform Wio, most popular investment themes

Crypto and US tech stocks top UAE investment platform Wio, most popular investment themes

Wio Invest, a leading UAE investment platform owned by ADQ sovereign wealth fund, which announced that it has surpassed $1 billion in assets under administration also noted that most popular investment themes, are US tech stocks such as NVIDIA and Tesla, and crypto space which includes, Bitcoin (BTC), Ethereum (ETH), and XRP. remain They also noted that other favorites included companies such as MicroStrategy (MSTR) that are heavily invested in the crypto space.

According to the press release, this achievement positions it among the fastest-growing digital investment platforms globally, on par with leading neo brokers at similar stages in their journey. Wio Invest has evolved to meet the changing needs of a new generation of investors expanding access to now include UAE markets, virtual assets, and wealth management portfolios.

“This latest milestone reflects our commitment to reimagining everyday investing, and we’ve worked hard to build a platform that makes it simpler, smarter, and more accessible for everyone,” said Gaurav Ganwani, Deputy General Manager at Wio Securities LLC.

He added, “We are passionate about empowering individuals to build long-term wealth through intuitive investment solutions, with a core focus on instant access. Through Wio Invest’s integration with Wio Personal, users can open an account in minutes, invest directly from the app, and benefit from the instant settlement of sell orders.”

Wio Invest has seen more than $4 billion in order volume year-to-date, driven by a new wave of investors who are more digitally native, financially curious, and focused on building their futures.

The platform has also seen solid growth in its recurring orders feature, with index funds emerging as a top choice, reflecting a growing appetite for consistent, long-term investing.

This comes as entities such as DeFi Technologies enters the MENA region with offices in UAE to offer digital asset ETPS on financially regulated exchanges such as Abu Dhabi Exchange, Dubai Financial Exchange and others in Qatar, KSA, Oman and Bahrain. DeFi Technologies, a financial technology company bridging the gap between traditional capital markets and decentralized finance, expanded its operation into the GCC and MENA region. The registration of DEFI DMCC includes offices in Jumeirah Lake Towers, Dubai, as the company seeks to offer digital asset exchange-traded products (ETPs) through its subsidiary, Valour, which has also opened a trading desk at the Dubai Multi Commodities Centre (DMCC) in the UAE.

As per the press release, the DeFi Technologies team and its subsidiary Valour, aim to support the increased institutional interest in digital assets in the GCC region and specifically in the UAE. As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy. This includes Valour, which offers access to more than 65 of the world’s most innovative digital assets via regulated ETPs with plans to offer 100 by the end of 2025.

DIFC grants Hut 8 Bitcoin mining subsidiary license

DIFC grants Hut 8 Bitcoin mining subsidiary license

Nasdaq listed Hut 8 Corp a Bitcoin mining, an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, and high-performance computing, subsidiary Hut 8 Investment has been granted a license at Dubai International Financial Center (DIFC) to deploy Bitcoin held in reserve into structured derivatives strategies.

As per the press release, the license authorizes proprietary investments and certain non-financial commercial activity under the DIFC’s legal and regulatory framework, which is based on international standards and principles of common law. DIFC license expected to enhance active treasury management, expand institutional reach, and improve capital efficiency.

The DIFC license represents a structural expansion of Hut 8’s capital strategy, enhancing the Company’s ability to deploy Bitcoin held in reserve into structured derivatives strategies.

The license is expected to broaden access to institutional counterparties, reduce trading friction, and lower transaction costs. In fiscal year 2024, Hut 8 generated more than $20 million in net proceeds from covered call options premiums on Bitcoin held in reserve.

With its license in DIFC, Hut 8 aims to unlock multiple advantages that support continued expansion of its active treasury management program, including, direct access to global derivatives markets which will enable Hut 8 to trade directly on institutional exchanges, reducing reliance on OTC intermediaries that historically introduced cost friction relative to spot pricing.

It will also offer broader access to institutional-grade products and counterparties unlocking a wider set of global liquidity providers and instruments, enhancing strategic optionality.

The license will also allow Hut 8 to construct and manage advanced yield strategies that would more difficult to execute without a DIFC license.

“We believe that securing a DIFC license enhances our ability to drive outsized shareholder returns through our integrated capital strategy,” said Asher Genoot, CEO of Hut 8. “It allows us to execute directly on global derivatives markets, reduce trading costs, and access a broader range of institutional products. Within a regulatory environment that supports structured digital asset strategies, we believe we can manage Bitcoin held in reserve more efficiently, manage risk with greater precision, and optimize yield through disciplined, proactive management.”

This week, The Blockchain Group now rebranded to Capital B, listed on Euronext Growth Paris, which became Europe’s first Bitcoin Treasury Company, holding subsidiaries specialized in Data Intelligence, AI, and decentralized technology consulting and development aligning itself with Bitcoin’s founding principles, announced it plans to expand to the UAE and set up a subsidiary in Abu Dhabi.

Alps Blockchain Bitcoin 150 MW mining site now fully operational in Oman

Alps Blockchain Bitcoin 150 MW mining site now fully operational in Oman

Alps Blockchain, an Italian company that builds and operates mining farms to contribute the development of new technologies and the evolution of the energy sector, has announced that it Bitcoin mining site in Oman is now fully operational with 150 MW.

According to Alps Blockchain this is a major milestone for Alps in the Middle East.

According to the LinkedIn post, the facility has grown from 10 MW to 150 MW in a year.

In April 2025, Alps Blockchain announced that it was expanding its mining operation from 10 Megawatt to 150 Megawatt in Oman.

Launched in 2024, the project initially involved a 10-Megawatt phase, successfully completed in the first half of last year. In July 2024, Azimut, an independent, global group in asset management, wealth management, investment banking and fintech, completed a new club deal to invest in Alps Blockchain totaling $156 million to be used for Alp Blockchain growth initiatives of which Oman was one.

The 150 MGW phase had been under construction since January 2025 in Salalah through the subsidiary Alps Middle East SPC in partnership with Green Data City.

Capital B, Bitcoin Treasury Company to set up hub in Abu Dhabi UAE

Capital B, Bitcoin Treasury Company to set up hub in Abu Dhabi UAE

The Blockchain Group now rebranded to Capital B, listed on Euronext Growth Paris, which became Europe’s first Bitcoin Treasury Company, holding subsidiaries specialized in Data Intelligence, AI, and decentralized technology consulting and development aligning itself with Bitcoin’s founding principles, has announced it plans to expand to the UAE and set up a subsidiary in Abu Dhabi.

As per the press release, the Company noted that it is currently engaged in the process of establishing a subsidiary in Abu Dhabi (UAE) to support the development of Capital B’s Bitcoin Treasury Company strategy. The press release adds that these developments reflect the acceleration of the Company’s Bitcoin Treasury Company strategy, which is focused on increasing the number of bitcoin per share on a fully diluted basis over time.

Capital B also shared its ambitions to create Bitcoin treasure stating that it has already bought 1.955 Bitcoins 64% of the 3,000 it aims to purchase before 2026, with an overall ambition to acquire 250,000 BTC by end of 2033.

Capital B now considers itself as a Bitcoin treasury company adopting a bitcoin standard in November 2024. In 6 months since adopting Bitcoin as a treasury, Capital B has seen growth of 745% in 6 months and is expecting that this growth will 2,275% at the end of the next 8 months.

Additionally Capital B launched BTC Convertible bonds.

In another press release, Capital B announced that it raised 10.3 million Euros equivalent to $12 million to contribute to the tokenization of the company shared on the platform Stokr allowing it to pursue its Bitcoin Treasury company strategy.

Earlier in the GCC region, Bahrain based Al Abraaj Restaurants Group B.S.C. (Ticker: ABRAAJ) (“Company”), a public listed company on the Bahrain Bourse, announced that it put Bitcoin on its balance sheet. The Group purchased Bitcoin in partnership with U.S. based 10X Capital, becoming the first publicly traded company in the Kingdom of Bahrain, the Gulf Cooperation Council (“GCC”), and the Middle East to acquire Bitcoin as a treasury asset.

Raoul Pal, the Co-Founder and CEO of Real Vision, a financial knowledge and educational platform, in a recent visit and meeting with sovereign wealth funds in the MENA region, specifically in the GCC, found that the mandate is to use AI ( Artifical Intelligence) and Blockchain across the entire region.

In his X video interview, Pal noted, ” A month ago during my last trip to MENA region, and in my meetings with sovereign wealth funds across Saudi Arabia, Qatar, Oman, Bahrain, and UAE, the mandate across entire region from Saudi, Abu Dhabi Bahrain and Qatar is AI and Blockchain and not just using Bitcoin as a reserve asset but building the entire government structure on blockchain, driving licenses, property deeds the whole bloody lot.”

Crypto mining platform Hut 8 to enter the UAE

Crypto mining platform Hut 8 to enter the UAE

Hut 8 (NASDAQ:HUT) an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, has registered to open an office in Dubai UAE. The company also disclosed it had raised $220 million to purchase Bitcoin and mining infrastructure and has announced that by March 2025 it has approximately 10.8 GW of development capacity.

The announcement was published in an article in Bloomberg. CEO of Hut 8, Asher Genoot noted that the new Dubai office would enhance the precision and efficiency of Hut 8’s capital strategy.

Hut 8 confirmed to Bloomberg that the Dubai office would house a new team focused on trading and digital asset strategies. The company already operates facilities in Texas, New York, and Alberta, Canada.

Hut 8 joins UAE based Phoenix Group, as well as Marathon Digital Holding who also have operations in the UAE. The UAE has been building its data center capacities as it seeks to lead in both AI and digital asset infrastructure.

In March 2025, Hut 8 announced the launch of American Bitcoin Corp. (“American Bitcoin”), a majority-owned subsidiary of Hut 8 focused exclusively on industrial-scale Bitcoin mining and strategic Bitcoin reserve development. The launch of American Bitcoin follows the strategic contribution of substantially all of Hut 8’s ASIC miners to and in exchange for a majority interest in American Data Centers, Inc., a company formed by a group of investors including Eric Trump and Donald Trump Jr. In connection with the transaction, American Data Centers, Inc. was subsequently renamed and relaunched as American Bitcoin.

However a Hut 8 spokesperson told Bloomberg that the Dubai office is not related to its relationship with American Bitcoin.

Other countries such as Oman have also invested heavily in powering datacenters for Bitcoin mining and other applications.

Bitcoin and Ethereum take 10th and 18th place in most traded instruments in GCC

Bitcoin and Ethereum take 10th and 18th place in most traded instruments in GCC

AvaTrade, aglobal trading company, released the latest data from its key GCC platforms, reinforcing its role as a source of real-time market intelligence. Covering activity across the region since April 1st, the data reveals the Top 25 most traded instruments by USD volume, with gold taking the lead and in the 10th and 18th place being Bitcoin and Ethereum. B

Based on AvaTrade’s platform activity over the past 2.5 months, collected from Bahrain, Kuwait, Iraq, Oman, Qatar, Saudi Arabia, and the UAE, gold appears as the most traded, with strong interest in U.S. equities, with all three major indices, NASDAQ 100, DJ30, and S&P 500, ranking within the top four, and the Russell 2000 close behind in eighth.

Commodities also featured prominently, with crude oil and Brent oil both placing in the 15 most traded instruments, and silver also making the list. Foreign exchange trading is also active, with major pairs such as USD/JPY, EUR/USD, and GBP/USD all ranking in the top ten. Other currency pairs like AUD/USD, USD/CHF, USD/CAD, and GBP/JPY follow closely behind.

Meanwhile, the inclusion of cryptocurrencies such as Bitcoin in 10th and Ethereum, ranked 18th, reflects a broader diversification in trading preferences across the region.

Reflecting on the recent data, Dáire Ferguson, CEO of AvaTrade, stated, ‘Sharing this type of trading insight is one of the many ways we aim to support our growing base of investors across the GCC. In an ever-changing global market, where regional dynamics also play a key role, timely data helps traders make more informed decisions.’

Established in 2006 as a pioneering online trading platform, AvaTrade is one of the most trusted brokers in the industry with nine regulations across six continents. Offering access to over 1,000 CFDs across forex, ETFs, indices, commodities, and crypto, the platform caters to both experienced investors and newcomers through a range of educational resources, trading tools, and market insights.

Middle East governments building on blockchain, AI and Bitcoin reserves

Middle East governments building on blockchain, AI and Bitcoin reserves

Raoul Pal, the Co-Founder and CEO of Real Vision, a financial knowledge and educational platform, in his recent visit and meeting with sovereign wealth funds in the MENA region, specifically in the GCC, has found that the mandate is to use AI ( Artifical Intelligence) and Blockchain across the entire region.

In his X video post interview, Pal noted, ” A month ago during my last trip to MENA region, and in my meetings with sovereign wealth funds across Saudi Arabia, Qatar, Oman, Bahrain, and UAE, the mandate across entire region from Saudi, Abu Dhabi Bahrain and Qatar is AI and Blockchain and not just using Bitcoin as a reserve asset but building the entire government structure on blockchain, driving licenses, property deeds the whole bloody lot.”

Pal is also the co-founder and CEO of Exponential Age Asset Management, an asset management business that focuses on investing in the digital asset space via a fund of hedge funds (EADAF) and other vehicles.

He adds with the money coming in from sovereign wealth funds, if we are to go from $3 trillion to $100 trillion you need the largest players each time, unless you have bigger players. function of size of market more blockchain technology is used the use of Alt coins for infrastructure rails increase.

MENA Sovereign Wealth funds invest in Bitcoin

His statements come at a time when sovereign wealth funds either openly or less openly are investing in Bitcoin. Earlier this year Mubadala, Abu Dhabi’s sovereign wealth fund, disclosed a $408.5 million stake in IShare Bitcoin Trust (IBIT) in a 13F filing released on My 15th 2025. The fund reported holding 8,726,972 shares as of March 31, 2025, an increase from 8,235,533 shares reported at the end of 2024. This increased exposure showcases the perception change regarding Bitcoin and crypto in general after President Trump has taken office. Back at the end of 2024, UAE Mubadala, a sovereign investment fund, revealed in an SEC Filing that in late 2024 it invested $436 million worth in BlackRock’s Ishares Bitcoin Trust ETF. The disclosure was made through a 13F filing with the U.S. Securities and Exchange Commission (SEC).

While Saudi Central Bank better known as SAMA in a recent SEC ( Securities and Commodities Exchange) 13F filing disclosed that it has invested and holds 25,656 shares in MicroStrategy Inc. For those not familiar with MicroStrategy, now known as Strategy, it is an award-winning AI (Artificial Intelligence) and Business Intelligence platform trusted to deliver intelligence everywhere, on any cloud, at enterprise scale. It is also one of the biggest buyers of Bitcoin. Its strategy has been to issue equity, debt and preferred stock to acquire the digital currency, and it has been on a buying spree.

Even Bahrain based Al Abraaj Restaurants Group B.S.C. (Ticker: ABRAAJ) (“Company”), a public listed company on the Bahrain Bourse, has announced that it put Bitcoin on its balance sheet. The Group has purchased Bitcoin in partnership with U.S. based 10X Capital, becoming the first publicly traded company in the Kingdom of Bahrain, the Gulf Cooperation Council (“GCC”), and the Middle East to acquire Bitcoin as a treasury asset.

MENA Governments all in on AI and Blockchain

It is no secret that Saudi Arabia is investing in AI as is UAE and Qatar. Additionally the UAE has been implementing blockchain within the government over the years but in recent times Abu Dhabi has stated it will utilize blockchain in the government. Agile Dynamics, a UAE based consulting firm, will work to develop a sovereign quantum resistant blockchain infrastructure with Abu Dhabi Department of Government Enablement in UAE. Agile Dynamics has been selected as the program’s strategic partner, while ADI Blockchain Foundation will be developing an AED stablecoin to be issued by First Abu Dhabi Bank, with the support of ADQ a sovereign investor and IHC an investor as well.

Then ofcourse there is Qatar with its digital asset tokenization strategy and Digital Assets Lab. Recently during the Qatar Economic Foundation, attendees got a glimpse of a future that might include stablecoins. The UAE is well ahead with its stablecoin regulations and its AECOIN.

PAL sees Bitcoin growth phase

Amidst all this Pal believes “With the dollar breaking down even today, it’s starting to suggest this may go into Q2 2026,” he said. Since the beginning of the year, the US Dollar Index has been down 8.995, sitting at 98.77 at the time of writing, according to data from TradingView. Bitcoin and DXY are inversely correlated. This means that when the dollar weakens, Bitcoin becomes more attractive not just as a speculative investment but as an alternative currency.

Pal also added that macroeconomic data has been a primary reason why the crypto cycle has always shifted further back. “It’s like the whole cycle got shifted cause rates didn’t get adjusted; the dollar was sideways for some time,” he said. He also said that the current market may show signs of looking like the market in 2020 more than the one in 2021, suggesting that it could be at an earlier growth phase than many are predicting.

Bitcoin began 2020 at $7,174, but dropped by 27% in March to $5,227. The asset then rebounded 129% to hit $11,990 in August, before witnessing a 304% increase, ending the year at $28,993.

Ethereum overtakes Bitcoin on OKX exchange

Ethereum overtakes Bitcoin on OKX exchange

OKX’s Global Chief Commercial Officer, Lennix Lai, has shared insights on latest trading data especially as BTC reaches a new fresh ATH. According to Lai, the latest trading data reveals that Ethereum has surpassed Bitcoin as OKX’s most traded cryptocurrency.

Ethereum has captured 27% of spot volume despite BTC recently setting a new all-time high of $110,730. Ethereum overtaking Bitcoin is a first for this year.

As per OKX, which is licensed in the UAE, the numbers tell the story. ETH now captures nearly 27% of spot volume versus Bitcoin’s 26.5%, completely flipping April’s dynamic when BTC dominated at 38% while Ethereum lagged below 20%.

According to Lai, this signals a distinct rotation as traders reposition while Bitcoin consolidates near all-time highs, despite BTC recently hitting a fresh record of $110,730. Even with the SEC’s delays on ETH staking ETFs, the Ethereum narrative is clearly gaining traction, potentially driven by anticipation around upcoming upgrades (e.g. Fusaka) and bullish news of TradFi institutions building Ethereum L2s to tokenize RWAs.

He adds, “What makes this shift even more remarkable is that it’s happening amid surging overall activity – we saw spot trading volume jump by 60% week-over-week in the second week of May, with momentum continuing as volumes climbed another 6% the following week while both ETH and BTC continued their rallies. The timing of this shift really shows us how the market is maturing.”

With Bitcoin futures open interest hitting a record $72 billion, Coinbase joining the S&P 500, and the GENIUS Act clearing the Senate in the US, OKX is seeing more clarity and potentially even deregulation in certain jurisdictions.

Lai concludes, “I think these are early signs of a more sophisticated market cycle where capital flows toward growth potential rather than simply chasing Bitcoin’s momentum. While corporate treasuries keep adding Bitcoin to their books, Ethereum’s comeback on our platform suggests we’re entering a more nuanced phase where traders are backing multiple horses in this bull market rather than putting all their chips on Bitcoin.”

UAE Sovereign Fund Mubadala increases investment in Bitcoin

UAE Sovereign Fund Mubadala increases investment in Bitcoin

While the rumor mill across the crypto ecosystem over the past days speculated that countries such as Qatar, UAE, and Saudi Arabia were investing in Bitcoin, Mubadala, Abu Dhabi’s sovereign wealth fund, disclosed a $408.5 million stake in IShare Bitcoin Trust (IBIT) in a 13F filing released on My 15th 2025.

The fund reported holding 8,726,972 shares as of March 31, 2025, an increase from 8,235,533 shares reported at the end of 2024. This increased exposure showcases the perception change regarding Bitcoin and crypto in general after President Trump has taken office.

Back at the end of 2024, UAE Mubadala, a sovereign investment fund, revealed in an SEC Filing that in late 2024 it invested $436 million worth in BlackRock’s Ishares Bitcoin Trust ETF. The disclosure was made through a 13F filing with the U.S. Securities and Exchange Commission (SEC).

At the time while Mubadala’s investment in Bitcoin while not directly but through an ETF is a significant departure from the usual investments made by Sovereign funds in the Middle East and GCC region.

The UAE in particular has been showcased as having 30% of its population owning crypto. Prior to this announcement another UAE sovereign wealth fund, through one of its subsidiaries FSI ( FS Innovation) agreed with US based Marathon digital holdings, a digital asset mining company establishing and operating facilities for digital asset mining in Abu Dhabi. The initial phase consisted of two digital asset mining sites comprising 250 MW (megawatts) in Abu Dhabi UAE. Marathon Holdings will own 20% of the joint company in UAE only. The cost of the project being $406 million.

Bahrain Restaurant Group also announced investment in Bitcoin

Bahrain based Al Abraaj Restaurants Group B.S.C. (Ticker: ABRAAJ) (“Company”), a public listed company on the Bahrain Bourse, announced that it has put Bitcoin on its balance sheet. As per the news on Zawya, the Group has purchased Bitcoin in partnership with U.S. based 10X Capital, becoming the first publicly traded company in the Kingdom of Bahrain, the Gulf Cooperation Council (“GCC”), and the Middle East to acquire Bitcoin as a treasury asset.

Al Abraaj has acquired an initial amount of 5 Bitcoin with plans to build on this initial purchase and begin allocating a significant portion of its corporate treasury into Bitcoin.

As per the announcement, Al Abraaj considers Bitcoin to be its reserve treasury asset. Al Abraaj is a profitable company, with 2024 EBITDA of USD $12.5 million.

Bahrain Al Abraaj Restaurants puts Bitcoin on its balance sheet

Bahrain Al Abraaj Restaurants puts Bitcoin on its balance sheet

Bahrain based Al Abraaj Restaurants Group B.S.C. (Ticker: ABRAAJ) (“Company”), a public listed company on the Bahrain Bourse, announced that it has put Bitcoin on its balance sheet. As per the news on Zawya, the Group has purchased Bitcoin in partnership with U.S. based 10X Capital, becoming the first publicly traded company in the Kingdom of Bahrain, the Gulf Cooperation Council (“GCC”), and the Middle East to acquire Bitcoin as a treasury asset.

Al Abraaj has acquired an initial amount of 5 Bitcoin with plans to build on this initial purchase and begin allocating a significant portion of its corporate treasury into Bitcoin.

As per the announcement, Al Abraaj considers Bitcoin to be its reserve treasury asset. Al Abraaj is a profitable company, with 2024 EBITDA of USD $12.5 million. This move is designed to enhance the company’s asset portfolio and capitalize on emerging opportunities within the capital markets.​ Al Abraaj aims to innovate with shari’a compliant financial instruments to give the Islamic world broader exposure to Bitcoin.

The Company has partnered with 10X Capital, the NYC-based investment firm with a track record of managing treasury assets for publicly listed companies, and advising and capitalizing listed Bitcoin Treasury Companies, including most recently advising Nakamoto on its $710M financing (Nasdaq:KDLY), the largest capital raise to launch a Bitcoin Treasury Company and the largest private placement for any public bitcoin-related transaction ever. In collaboration with 10X, the Company plans to raise capital to acquire additional Bitcoin, with a goal of maximizing Bitcoin per share.

“Our initiative towards becoming a Bitcoin Treasury Company reflects our forward-thinking approach and dedication to maximizing shareholder value,” said Abdulla Isa, Chairman of the Bitcoin Treasury Committee of Al Abraaj Restaurants Group B.S.C.. “We believe that Bitcoin will play a pivotal role in the future of finance, and we are excited to be at the forefront of this transformation in the Kingdom of Bahrain. 10X is a proven leader in advising and bringing capital to listed Bitcoin Treasury Companies, and we welcome their partnership in helping us build the MicroStrategy of the Middle East.”​

“I’d like to congratulate Abdalla Isa and the team at Al Abraaj for adopting Bitcoin at the corporate treasury level, finally enabling anyone in the GCC with a brokerage account to gain Bitcoin exposure,” said Hans Thomas, CEO of 10X Capital. “Bahrain continues to be a leader in the Middle East in Bitcoin adoption, backed by a forward-thinking regulatory framework.” Mr. Thomas added, “The GCC, with a combined GDP of $2.2 trillion—larger than Canada, Russia, Italy, Brazil, Australia, South Korea, or Spain—over $6 trillion in sovereign wealth funds, and a population of just 57.6 million, has until now lacked a publicly listed Bitcoin treasury company like Strategy (Nasdaq: MSTR), Tesla (Nasdaq: TSLA), or Metaplanet (Tokyo: 3350.T). That changes today with ABRAAJ’s historic Bitcoin purchase, giving investors across Bahrain, Saudi Arabia, UAE, Kuwait, Qatar, and Oman access to Bitcoin through a publicly traded stock. In fact, almost anyone in the world can buy ABRAAJ stock by registering with the Bahrain Bourse.”

Al Abraaj Restaurants Group B.S.C. will implement robust custody, portfolio risk management and governance policies to oversee its Bitcoin holdings, including by creating a Bitcoin Committee that will consist of experienced Bitcoin investors and portfolio managers and global capital markets experts. The company intends to provide regular updates to shareholders and stakeholders regarding its Bitcoin-related activities.​

Recently Michael Saylor encouraged sovereign wealth funds in GCC to invest in Bitcoin.