Abu Dhabi takes a historic step in digital finance. Phoenix Group, one of the leading operators in cryptocurrency mining, has announced the creation of a digital reserve of 150 million dollars, composed of Bitcoin and Solana.
A choice that strengthens the company’s strategic vision and represents a precedent for all companies listed on the ADX.
New treasury strategies for the public and private sector in the Middle East with Phoenix Group
The reserve consists of approximately 514 Bitcoin and 630,000 Solana, a combination designed to balance volatility and solidity in the long term. According to Phoenix Group, this choice consolidates its financial structure and demonstrates confidence in the selected blockchain.
📊 Composition of the digital reserve
| Asset | Estimated Quantity | Approximate Value |
| Bitcoin | 514 | 97 million USD |
| Solana | 630,000 | 53 million USD |
Source: internal data Phoenix Group, July 2025
“We believe that networks like Bitcoin and Solana have lasting value,” stated the CEO Munaf Ali.
The adoption of cryptocurrencies in corporate treasury is not just a form of diversification, but also a clear message: Phoenix is betting on a more resilient and dynamic digital finance model.
A recent study by McKinsey & Company confirms that companies adopting digital assets in their balance sheets can benefit from a competitive advantage, especially in high-innovation contexts.
Phoenix is the first company listed on the ADX to have publicly declared a reserve in cryptocurrencies.
According to analysts, this move could stimulate the creation of new regulatory policies in the crypto sector, paving the way for increasingly digital public and private finance even in the Gulf.
📈 Performance of Phoenix Group shares (Apr-Jun 2025)
Quarterly growth: +72%
Ranking: among the most traded stocks on the ADX list
Mining and financial statements: numbers in chiaroscuro
The mining business remains central: in the second quarter of 2025, Phoenix mined 336 Bitcoin, 214 of which through self-mining. Revenues are also increasing:
- $41.7 million generated in the first half of 2025 (vs $13 million in 2023)
- Average gross margin of 31%
- Reduction of energy costs by 14%
According to the Cambridge Journal of Energy, energy efficiency is one of the main challenges in mining, and Phoenix demonstrates sustainable management in a competitive context.
Solana has recovered over 25% of its value in the first half of 2025.
This increase represents a key element for the Phoenix reserve, especially in light of its growing adoption in the DeFi and gaming world. CoinMarketCap reports a steady increase in volume and capitalization of the token.
Phoenix Group recorded a debt of about 16 million dollars and a net loss of 29 million, partly due to the adoption of the new IFRS criteria on digital assets.
The updates published in 2024 by the IFRS aim to harmonize the accounting treatment of digital assets, but involve significant initial burdens.
A strategy that can set an example
Phoenix presents itself as a model for all companies that want to leverage the potential of cryptocurrencies from an institutional perspective.
As noted by a recent study from the International Monetary Fund, Middle Eastern countries are accelerating on fintech solutions, and Phoenix Group could be just the first piece.
The initiative of Phoenix Group opens a new chapter for digital finance in the Gulf. If other companies follow this example, we might witness a profound evolution of the role of cryptocurrencies in regulated markets.
The focus will now be entirely on how regulation will be able to respond to this change.
🔎 To monitor updates and performance: Borsa di Abu Dhabi (ADX)
