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First Middle Eastern Company to Put Bitcoin in Its Treasury
Al Abraaj pioneer in Bahrain and the Middle East
Al Abraaj Restaurants Group has just become the first public company in the Middle East to adopt a strategy of holding Bitcoin in treasury .
This is a major milestone not only for the company but also for the country of Bahrain , which is trying to build its image as a crypto-friendly tech hub .
Inspired by Michael Saylor
Through social media, Al Abraaj shared a picture of Michael Saylor – a famous Bitcoin supporter, with the message:
“Thank you to the legend Michael Saylor, whose laser-eyed faith lit our path.”
The company confirmed that it has officially added Bitcoin to its treasury , opening a new chapter for businesses in the region.
Towards “MicroStrategy Middle East”
Al Abraaj Bitcoin Treasury Committee Chairman Abdullah Isa said:
“We believe Bitcoin will play a central role in the future of finance and are committed to optimizing shareholder returns.”
He also shared his desire to build a Middle Eastern version of MicroStrategy , with support from MicroStrategy itself – Michael Saylor's company, famous for its strategy of accumulating large amounts of Bitcoin.
Al Abraaj's move shows a more open mindset towards cryptocurrencies in the Middle East , which was once cautious about digital assets but is now starting to embrace them as part of a long-term financial strategy.