Abu Dhabi based on the Bitcoin Miner Phoenix Group launched a $ 150 million strategic cryptocurrency reserve, which became the first listed company at Abu Dhabi Securities Exchange (ADX) to establish a digital asset treasury.
The company said on Thursday the reserve included 514 Bitcoin (Btc) and 630,000 Solana (Sol), which describes it as a long -term approach to handling.
It is the Phoenix Group the first company listed in the ADX that established a strategic cryptocurrency treasury, the company said in an announcement shared with Cointelegraph.
“Holding Bitcoin and other strategic digital assets is not just about exposure. It’s about alignment,” said Matef Ali, co-founder and CEO of Phoenix Group. “We believe in the long -term value that these networks represent, and our approach to Treasury reflects that belief.”
The Phoenix Group is one of the five most traded and best performing stocks in ADX in the second quarter of 2025 after its sharing price increased by more than 72% from April to June.
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Increasing Bitcoin’s more mining companies considering Altcoins as part of their sheet sheet, which signed more institutional demand for cryptocurrencies beyond Bitcoin.
Listed in public bitcoin mining firm Bitmine Immersion Technologies has become the largest ether (Eth) Treasury firm after announcing plans to get up to 5% of ether supply.
Bitmine currently holds 625,000 ether token, or 0.52% of the total circulating -shifted ETH supply, the firm announced On Tuesday, as part of a $ 1 billion stock re -purchase program.
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Q2 revenues reveal income to sink but strongly long -term growth
The Phoenix Group reported $ 29 million in revenue and a total of 336 BTC mined throughout its global operation, including 214 BTCs associated with self-mining, in the second quarter of 2025.
It marks a 51% decline from the first quarter, when the Phoenix Group was mined by a combined -with 689 BTC.
However, the miner reported a 219% climb to Bitcoin’s self-mining income for two years, from $ 13 million in the first half of 2023 to over $ 41.7 million in the first half of 2025, with a 31% gross profitability margin in self-mining and a 14% reduction in energy costs.
The Phoenix Group also reported the $ 16 million worth of debt and a loss of cash of $ 29 million, “due to repairing the Digital Asset portfolio and a one -time adjustment of deducting under modified accounting standards.”
Phoenix said it expects a slight recovery of Q3 ownership values, which is encouraged by increasing prices of major handling such as Solana.
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