At a flat moment for the GULF CAPITAL markets, the ABRAAJ Restaurant Group (trading on Baharain Borous in the role of Abraaj) revealed on Wednesday that it moved part of its corporate cabinet to Bitcoin, and it became the first company publicly listed anywhere in the Middle East to contract the Cryptocurrency in its public budget.
Abraaj leads Mina with a bitcoin wardrobe
in statement It was released in the Arabic language, and the food services operator said that he “completed a historical purchase of Bitcoin for the first time in the institution’s treasury” and intends to “build a strategic path that corresponds to the artery to Bitcoin for the Islamic world.” The company praised this step as “giving the” clear “bulls that it needs to fully restore the next defense,” adding on social media: “Al Abraaj has become the first public company in the Middle East to adopt a strategy for the Ministry of Bitcoin. We are dealing with Sats for a real.”
To implement the strategy, ABRAAJ has made a partnership with Capital Merchant Bank 10x in New York. The two companies said they will continue to increase the additional capital so that the chain of restaurants can “increase bitcoin units per share”, reflecting the pioneering play book by Microstrategy in the United States, and recently, by Japan Metaplanet.
10x Capital also creates a separate car worth $ 710 million for Camcentto – the company founded by Trump’s adviser and CEO of BTC Inc.
The administration emphasized its determination to meet the states of Islamic finance. Abraaj BTC described as “an innovation that can be delivered in a manner consistent with the principles of Sharia”, and said that the partnership with 10x Capital aims to “open bitcoin for investors from Saudi Arabia, Kuwait, Qatar, Oman and beyond” by buying ABRAJ shares on Baharain Borous.
The decision places a group of 38 -year -old restaurants at Rarefied. Microstrategy (Nasdaq: MSTR) and Tesla (Nasdaq: TSLA) sparked international addresses when they started converting excessive criticism into Bitcoin, while Metaplanet adopted in Tokyo (Tse: 3350) betting in Market in then then then then then then then then then th. Then then then then then then then then then then then then then then then then then then this. Gulf.
David Billy, a partner at 10x Capital and a voice supporter for the adoption of BTC companies, praised the deal on X: “Bitcoin Treasury Co 
Kingdom of Pahrain. Lfgggg.”
While ABRAAJ’s initial allocation volume has not been revealed, the administration indicates that other purchases are likely to seek to align treasury reserves with “long -term cash origin,”.
Al -Amaj family Stuck Via X: “The big screaming to the legend Michael Silor-I ignited your laser conviction on the road. Abraaj only became the first public company in the Middle East to adopt a strategy for the Bitcoin Ministry. We are real accumulating Sats.”
At the time of the press, BTC was traded at $ 102,732.
Distinctive image created with Dall.e, Chart from TradingView.com
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