In a groundbreaking move for the region, Bahrain’s Al Abraaj Group has officially adopted Bitcoin as part of its treasury. The company started this new Bitcoin corporate strategy by purchasing 5 Bitcoin.
On Thursday, Al Abraaj announced its Bitcoin acquisition in a press release. Abdullah Isa, head of the Bitcoin Treasury Committee, described the move as a future-focused decision. According to Isa, the goal is to increase shareholder value through a forward-looking financial model.
Moreover, the company stated it would expand its Bitcoin holdings over time. It plans to do so by raising capital and increasing the number of Bitcoin units per share.
To implement its Bitcoin corporate strategy, Al Abraaj has partnered with New York-based investment firm 10X Capital. This partnership aims to help structure the rollout and attract regional investors.
Hans Thomas, CEO of 10X Capital, praised the move. He highlighted that investors across the GCC can now gain Bitcoin exposure through a listed company.
This step significantly increases accessibility to cryptocurrency in a regulated environment.
Importantly, the company noted that the decision followed detailed internal reviews. It also confirmed full compliance with Central Bank of Bahrain regulations.
Additionally, Al Abraaj is exploring Shariah-compliant tools to support Islamic investors. This will ensure that the Bitcoin corporate strategy aligns with ethical financial principles.
Al Abraaj’s move sets a regional precedent for digital asset integration. With its Bitcoin corporate strategy now underway, the company positions itself at the forefront of financial innovation in the Middle East.
This initiative not only reflects a commitment to innovation but also opens the door for others to follow.
