Phoenix Group's recent establishment of a $150 million cryptocurrency reserve positions it as a leader in the UAE's digital asset landscape, reflecting a commitment to long-term value.
Phoenix Group has unveiled a $150 million cryptocurrency reserve, becoming the first firm on the Abu Dhabi Securities Exchange to hold a digital asset treasury. The reserve includes 514 Bitcoin and 630,000 Solana tokens. Despite a 51% decline in mining output, the company reported a 219% increase in self-mining revenue over two years, reaching $41.7 million in H1 2025. The stock price surged 72% in Q2 2025, reflecting strong market confidence.