Bahrain’s Al Abraaj Adopts Bitcoin Treasury with 10X Capital

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Al Abraaj Restaurants Group adds Bitcoin to its treasury reserves.The restaurant became the first publicly listed company in Bahrain to hold Bitcoin.The Group partners with 10X Capital to build its Bitcoin treasury strategy and offer Shariah-compliant Bitcoin exposure to Islamic investors.Al Abraaj Restaurants Group has become the first publicly listed company in Bahrain to adopt Bitcoin as part of its corporate treasury. The Bahrain-based company partnered with U.S. investment firm 10X Capital to integrate Bitcoin into its corporate reserves. The move further confirms growing interest in crypto assets among institutions and may encourage more regional firms in the Gulf region to follow suit. Al Abraaj’s decision aligns it with global firms like Strategy (MicroStrategy) in the U.S. and Japan’s Metaplanet that have also added Bitcoin to their balance sheets.Related: Singapore Gulf Bank Now Lets Personal Clients Use Crypto Alongside Forex in BahrainPartnership with 10X CapitalPer the details on X, Al Abraaj partnered with 10X Capital, a New York-based investment firm specializing in Bitcoin treasury services. 10X Capital previously advised Nakamoto on a $710 million capital raise, the largest private placement ever tied to a Bitcoin treasury firm.The new partnership will support Al Abraaj’s plan to raise capital and buy more Bitcoin. The firm aims to make Bitcoin per share a key performance indicator (KPI) for shareholders.Shariah-Compliant Exposure for Islamic InvestorsA major goal of Al Abraaj’s strategy is to offer Shariah-compliant exposure to Bitcoin. The company plans to establish a financial vehicle tailored for Islamic investors seeking digital assets that align with religious principles.By becoming a Bitcoin treasury company, Al Abraaj enables investors from Bahrain, Saudi Arabia, the UAE, Kuwait, Qatar, and Oman to access Bitcoin through a regulated, publicly traded stock.Move Follows Recent IPO on Bahrain BourseThe Bitcoin move comes after Al Abraaj’s initial public offering. The company was listed on the Bahrain Bourse in December 2024 under the ticker symbol “ABRAAJ.”SICO Bank, which acted as lead manager for the IPO, celebrated the listing as a major achievement in the food and beverage sector. The listing included a bell-ringing ceremony attended by Bahrain Bourse executives, Al Abraaj leadership, and industry stakeholders.Analysts See Broader Regional ImplicationsCrypto commentator Alva called the move a clear signal of growing institutional interest in Bitcoin across the Gulf region. In a post on X, it remarked that every such move adds to Bitcoin’s institutional narrative.Meanwhile, X user Kanhiya Chauhan noted that Bitcoin adoption is no longer confined to the West. “From Wall Street to Manama, Bitcoin is being recognized as a serious hedge against fiat depreciation,” he said.Related: CZ Notices Crypto Enthusiasts Gravitating Towards UAE or BahrainThe Gulf region continues to show increasing interest in blockchain and digital assets. Several fintech startups in the UAE and Saudi Arabia are exploring crypto solutions, and regulatory frameworks in some Gulf nations have become more crypto-friendly.Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Source link