First-Time Revelation: The Amount of Bitcoins (BTC) Held by the United Arab Emirates (UAE) Uncovered
UAE Bitcoin Holdings: The UAE government owns approximately 6,300 Bitcoins, valued at around $740 million, making it the fourth-largest state holder of Bitcoin according to Arkham's blockchain analysis.
Mining Operations: These Bitcoins are obtained directly from mining activities through Citadel Mining, a publicly traded company controlled by the UAE, rather than through legal seizures like in the US and UK.
Ownership Structure: Citadel Mining is primarily owned by 2pointzero, which is fully owned by International Holding Company (IHC), with 61% of IHC controlled by the UAE Royal Group, linked to Sheikh Tahnoon bin Zayed Al Nahyan.
Mining Facility Development: An extensive Bitcoin mining facility was established on Al Reem Island in Abu Dhabi within six months in 2022, verified by Arkham using on-chain data and satellite imagery.
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Technical Analysis for ARKM
Technical Sentiment Analysis for Arkham (ARKM) As of , Arkham (ARKM) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ARKM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ARKM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Arkham (ARKM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0483 | 0.0741 | 0.101 | 0.127 | 0.154 | 0.18 | 0.207 |
| Fibonacci | 0.0741 | 0.0944 | 0.107 | 0.127 | 0.147 | 0.16 | 0.18 |
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