Bahrain’s Al Abraaj Group Pioneers Bitcoin Adoption in Middle Eastern Public Companies
In a landmark move for the Middle East, Bahrain’s Al Abraaj Group has become the first publicly listed company in the region to allocate corporate treasury funds to Bitcoin. The restaurant conglomerate has initiated its crypto strategy with a purchase of 5 BTC, signaling a long-term commitment to digital asset adoption. This development underscores the growing institutional interest in Bitcoin as a treasury asset, even as its price fluctuates around $102,302.70 USDT. Abdullah Isa, head of the Bitcoin Treasury Committee, described the decision as a strategic pivot toward innovative financial instruments. This article delves into the implications of this historic adoption and what it means for the future of Bitcoin in corporate finance.
Bahrain’s Al Abraaj Group Becomes First Middle Eastern Public Company to Adopt Bitcoin as Treasury Asset
Al Abraaj Group, a Bahrain-based restaurant conglomerate, has made history as the first publicly listed company in the Middle East to allocate corporate treasury funds to Bitcoin. The firm initiated its crypto strategy with a 5 BTC purchase, signaling long-term commitment to digital asset adoption.
Abdullah Isa, head of the bitcoin Treasury Committee, framed the move as a strategic play for shareholder value. "Bitcoin will define the future of finance," he stated, positioning Al Abraaj alongside pioneers like MicroStrategy and Tesla in corporate crypto adoption.
Bitcoin’s Price Surge Contrasts with Plummeting Retail Interest
Bitcoin approaches $104,000, yet retail investor enthusiasm has evaporated. Google searches for "Bitcoin" have collapsed to June 2024 levels—when BTC traded near $66,000—signaling a striking disconnect between price action and public engagement.
Coinbase, a bellwether for retail activity, has slumped to 15th place in U.S. finance app rankings, mirroring mid-2023 disinterest. This divergence raises fundamental questions about market participation in the current bull cycle.
Bitcoin (BTC) Price Eyes $120K Breakout as Market Ignores Fed’s July Rate Cut Delay
Bitcoin’s price trajectory remains bullish despite the Federal Reserve’s delayed rate cuts, with top experts predicting a potential surge to $120,000. Technical trends and fresh capital inflows, evidenced by a $30 billion jump in realized cap, underscore the momentum.
Traders are closely watching the $108,000 resistance level, which could trigger a breakout. Spot buyers dominate the market, with $5 billion in short liquidations looming. The crypto’s resilience to macroeconomic headwinds highlights its growing maturity as an asset class.
Investor Jim Chanos Bets on Bitcoin, Shorts MicroStrategy – Here’s Why
Veteran short-seller Jim Chanos, renowned for exposing the Enron scandal, has pivoted his focus to the crypto market. At the Sohn Investment Conference, Chanos disclosed a dual strategy: shorting MicroStrategy while going long on Bitcoin. This MOVE underscores mounting skepticism toward speculative valuations in crypto-linked equities.
Chanos, founder of Kynikos Associates, brings a storied track record of identifying financial discrepancies. His latest positioning highlights a nuanced view—embracing Bitcoin’s decentralized ethos while questioning the Leveraged bets of corporate adopters like MicroStrategy. The market watches closely as institutional players navigate crypto’s volatility.
Bitcoin Search Interest Hits 6-Month Low Despite Sustained Rally Above $105k
Bitcoin’s price resilience above $100,000 contrasts sharply with fading retail interest. Google Trends data reveals searches for "Bitcoin" have plummeted to June 2024 levels, when BTC traded NEAR $66,000. Institutional accumulation continues unabated, with businesses accounting for 77% of 2025’s net purchases through vehicles like @Strategy.
The divergence between institutional accumulation and retail disinterest suggests a maturing market structure. Coinbase’s fall to 15th in US app rankings underscores this trend. A decisive break above $109,350 may reignite retail participation, but for now, the smart money appears content to accumulate quietly.
Bitcoin Price Prediction 2025: Is BTC Price Heading to $100K?
Bitcoin’s price action suggests a bullish trajectory despite recent pullbacks. The formation of higher highs and lows indicates sustained demand, with consolidation phases likely accumulating liquidity for the next breakout. Market structure points to a potential rebound toward new all-time highs.
Analysts observe a repeating pattern: sharp rallies followed by tight consolidation, a hallmark of strong uptrends. The $75,000 support level has proven resilient, serving as a springboard for successive upward moves. This technical behavior aligns with historical precedents preceding major price expansions.
