Abu Dhabi-based Citadel Mining holds 7,239 BTC, worth $486 million.

Arkham monitoring shows that 37 addresses belonging to Abu Dhabi-based Citadel Mining hold approximately 7,239 BTC, worth about $486 million. This holding is lower than the approximately $532 million recorded on Thursday. Citadel Mining is approximately 85% owned by 2pointzero, a subsidiary of International Holding Company, which in turn is approximately 61% owned by Royal Group, owned by Sheikh Tanon bin Zayed Al Nahyan. The Bitcoin in question belongs to this company, not the UAE government.