Middle East’s First Public Bitcoin Treasury: Al Abraaj Goes All-In on Crypto

Dubai-based Al Abraaj just rewrote the corporate playbook—announcing it’s converting its entire treasury reserve into Bitcoin. Move over, MicroStrategy—there’s a new degen in town.

Why this matters: The $2.3 billion investment firm is betting big on Bitcoin’s store-of-value thesis, bypassing regional regulators’ usual skepticism. Their CFO claims this ’future-proofs’ their balance sheet (while conveniently ignoring last month’s 30% BTC drawdown).

The fine print: This isn’t some crypto startup—it’s a publicly traded institution. Expect either a flood of regional copycats... or a spectacular case study in corporate FOMO gone wrong.

Bonus jab: Because nothing says ’prudent fiscal management’ like staking your company’s future on an asset that swings 10% before breakfast.