- Al Abraaj adopts Bitcoin as a treasury reserve asset.
- First Middle Eastern public company with this strategy.
- Announcement influenced by MicroStrategy’s success.
Al Abraaj Restaurants Group, a Bahrain Bourse-listed company, announced its adoption of Bitcoin as a treasury reserve asset on May 15, 2025, marking a first for a public company in the Middle East.
This decision by Al Abraaj is significant for the broader adoption of Bitcoin as a corporate reserve asset, with potential repercussions for financial strategies across the Middle East.
Al Abraaj Restaurants Group established a precedent by choosing Bitcoin as a reserve asset, aligning its strategy with firms like MicroStrategy. Partnering with 10X Capital, the company is set to expand its Bitcoin holdings further, signaling a commitment to this financial strategy.
MicroStrategy’s approach heavily influenced Al Abraaj’s decision to form a Bitcoin treasury strategy. This move is significant as it marks the first venture of its kind in the Middle East, particularly among publicly traded companies. Key leadership from Al Abraaj and 10X Capital facilitated this transition.
The ramifications of this adoption are substantial, affecting sectors such as finance and corporate investment strategies. As Bitcoin continues to gain traction, it could alter the dynamics in traditional investment portfolios and Middle Eastern financial policies.
Al Abraaj’s Bitcoin strategy underscores a shift in corporate investment that could lead to increased transparency and technological advancements. Historical trends hint at the potential for both market disruption and innovation in digital assets, as more firms might explore similar reserves.
Al Abraaj aims to innovate by creating a Sharia’a compliant vehicle to give the Islamic world broader exposure to Bitcoin.
