Middle East Gets Its First Public BTC Treasury Holder

In a groundbreaking move for the region, Bahrain-based Al Abraaj Restaurants Group has become the first publicly listed company in the Middle East to adopt a Bitcoin treasury strategy. 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 MicroStrategy’s 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 company’s 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 MicroStrategy’s 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 region’s evolving fintech landscape. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/middle-east-gets-its-first-public-btc-treasury-holder/