Middle East Gets Its First Public BTC Treasury Holder
This milestone marks a significant shift in regional sentiment toward digital assets and places Bahrain on the map as a potential crypto-forward hub.
The announcement was made by the company via social media, where they paid tribute to MicroStrategys Michael Saylor, stating:
A big shout out to the legend Michael Saylor your laser-eyed faith lit the way. Al Abraaj becomes the first public company in the Middle East to adopt a Bitcoin treasury strategy.
Abdullah Isa, Chairman of the Al Abraaj Bitcoin Treasury Committee, emphasized the companys long-term vision:
Our move to become a Bitcoin company reflects our forward-looking approach and commitment to increasing shareholder value. We believe BTC will play a central role in the future of finance. We look forward to building the Middle East MicroStrategy with MicroStrategys support.
This strategic shift not only aligns Al Abraaj with a growing number of global firms leveraging Bitcoin for treasury diversification but also positions Bahrain as a pioneering force in the regions evolving fintech landscape.
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Text source: Coindoo
