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Bitcoin Treasury Fever Hits The Middle East

Bitcoinist LogoBitcoinist14h ago

Bitcoin Treasury Fever Hits The Middle East - Bitcoinist

Quick Summary:

In a watershed moment for Gulf capital markets, Al Abraaj Restaurants Group (trading on the Bahrain Bourse as ABRAAJ) disclosed on Wednesday that it has transferred part of its corporate treasury into Bitcoin, becoming the first publicly listed company anywhere in the Middle East to hold the cryptocurrency on its balance sheet.

Their stocks have been among 2024’s top performers, and Al Abraaj is betting the market will reward a similar conviction trade in the Gulf.

To implement the strategy, Al Abraaj has partnered with New York–based merchant bank 10X Capital.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 04:00:28 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28739344

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 15 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bitcoin Treasury Fever Hits The Middle East" was covered 14 hours ago by Bitcoinist, a news publisher based in Hungary.

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It's most recent story was published 8 hours ago.

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  • URL: https://person1204.beamstart.com/news/bitcoin-treasury-fever-hits-the-17473682703010

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