In a groundbreaking move for the region, Bahrain-based Al Abraaj Restaurants Group has become the first publicly listed company in the Middle East to adopt a Bitcoin treasury strategy.
This milestone marks a significant shift in regional sentiment toward digital assets and places Bahrain on the map as a potential crypto-forward hub.
The announcement was made by the company via social media, where they paid tribute to MicroStrategy’s Michael Saylor, stating:
“A big shout out to the legend Michael Saylor — your laser-eyed faith lit the way. Al Abraaj becomes the first public company in the Middle East to adopt a Bitcoin treasury strategy.”
Abdullah Isa, Chairman of the Al Abraaj Bitcoin Treasury Committee, emphasized the company’s long-term vision:
“Our move to become a Bitcoin company reflects our forward-looking approach and commitment to increasing shareholder value. We believe BTC will play a central role in the future of finance. We look forward to building the Middle East MicroStrategy with MicroStrategy’s support.”
This strategic shift not only aligns Al Abraaj with a growing number of global firms leveraging Bitcoin for treasury diversification but also positions Bahrain as a pioneering force in the region’s evolving fintech landscape.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/middle-east-gets-its-first-public-btc-treasury-holder/