Bitcoin Miner Phoenix Group launched a strategic cryptocurrency reserve of $ 150 million as the first company that quotes on the stock market in Abu Dhabi to establish a digital asset fund.
Phoenix Group announced the formation of his treasure of digital assets valued at $ 150 million, which included 514 bitcoin (BTC) and 630,000 tokens of solana (sun) such as the “long -term reserve” of the miner.
This made Phoenix Group the first company that appears in the exchange of ABU Dhabi (ADX) values to open a strategic cryptocurrency reserve, the company said in a Thursday announcement shared with Cointelegraph.
“Make Bitcoin and other strategic digital assets are not just about the exhibition. This is alignment,” wrote Munaf Ali, co -founder and CEO of Phoenix Group, adding:
“We believe in the long -term value that these networks represent, and our treasure strategy reflects that belief.”
Phoenix Group became one of the five most sought -after and best performance in the Adx in the second quarter of 2025, after the price of its shares increased by more than 72% from April to June.
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More and more, more Bitcoin mining companies are considering Altcoins as part of their balance sheet, indicating a greater institutional demand for cryptocurrencies beyond Bitcoin.
In particular, the Bitcoin Bitcoin Mining firm in the public list Bitmine Immersion Technologies became the largest signing of the Ether Treasury (ETH) after announcing plans to acquire up to 5% of Ether’s supply.
Bitmine currently has 625,000 ether tokens, or 0.52% of the total circulating ETH supply, the company announced Tuesday, as part of a shares of shares of $ 1 billion.
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Phoenix Group reports income of $ 29 million for the second quarter, an increase of 219% in the BTC of self minization
Phoenix Group reported $ 29 million in revenues and a total of 336 BTC extracted in its global operations, including 214 BTC attributed to self -adouting, during the second quarter of 2025.
This marks a 51% decrease from the first quarter, when Phoenix Group extracted a cumulative 689 BTC.
Even so, the miner has reported an increase of 219% in Bitcoin’s income from self -information for two years, from $ 13 million in the first half of 2023 to more than $ 41.7 million in the first half of 2025, with a gross profitability margin of 31% in the self -mining and a 14% reduction in energy costs.
Phoenix Group also reported a debt worth $ 16 million and a non -monetary loss of $ 29 million, “due to revaluations in its portfolio of digital assets and a single depreciation adjustment under the accounting standards reviewed.”
Phoenix Group awaits a “partial rebound in assets of assets” in the third quarter, driven by recent price recoveries in “key holdings like Solana”.
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