Key Takeaways
- Al Abraaj becomes first public Middle East firm to hold bitcoin.
- Initial purchase of 5 BTC made on May 15, 2025.
- Strategy inspired by Michael Saylor and executed with 10X Capital.
On May 15, 2025, Bahrain-based Al Abraaj Restaurants Group became the first publicly-traded company in the Middle East to hold bitcoin on its balance sheet.
The restaurant chain, listed on the Bahrain Bourse, purchased 5 BTC as part of a new corporate treasury strategy.
Strategic consultation & inspiration
Chairman of the Bitcoin Treasury Committee, Abdulla Isa, said the move reflects the company’s…
… forward-thinking approach and dedication to maximizing shareholder value.
The decision was made after consulting Michael Saylor, Executive Chairman of Strategy, who is known for his bitcoin-focused corporate treasury model.
Al Abraaj even referred to itself as the…
… MicroStrategy of the Middle East.
Partnership with 10X capital
To execute its strategy, Al Abraaj partnered with New York-based 10X Capital, an investment firm with experience in bitcoin treasury planning.
10X recently advised Nakamoto Holdings on a $710 million deal, the largest of its kind.
Future plans & financial products
Al Abraaj plans to expand its bitcoin holdings over time, aiming to increase bitcoin-per-share for investors.
It will also launch Sharia-compliant financial products to offer halal exposure to bitcoin.
Financial strength & regulatory compliance
With $12.5 million in EBITDA reported for 2024, the company says it has the financial strength to back its bitcoin strategy.
A special committee has been formed to oversee compliance with Bahrain’s digital asset regulations and manage risk.
Vision for Bitcoin’s role in finance
Isa said:
We believe that Bitcoin will play a pivotal role in the future of finance.
