Al Abraaj Restaurants Group B.S.C., a hospitality firm based in Bahrain, has announced its groundbreaking decision to become the first publicly traded company in the Middle East to adopt Bitcoin as a treasury reserve asset. The company has acquired five Bitcoin, with plans to increase this allocation. This move comes amid a growing interest in digital assets in the region. Al Abraajâs collaboration with 10X Capital aligns it with a recognized leader in Bitcoin treasury management, signifying a strategic embrace of cryptocurrency for future growth.
Our initiative towards becoming a Bitcoin Treasury Company reflects our forward-thinking approach... We believe that Bitcoin will play a pivotal role in the future of finance.
I'd like to congratulate Abdalla Isa and the team at Al Abraaj for adopting Bitcoin at the corporate treasury level... Bahrain continues to be a leader in the Middle East in Bitcoin adoption.
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