AlAbraaj Restaurants Group, a publicly listed Bahraini catering firm, has implemented a Bitcoin treasury strategy in collaboration with 10X Capital. The initial investment included the purchase of 5 BTC, with plans to continually accumulate more. This move reflects the company's proactive stance on enhancing shareholder value and adapting to the evolving financial landscape. AlAbraaj aims to be a leading force in the Islamic finance sector by exploring Sharia-compliant access to Bitcoin. Abdullah Isa, head of the Bitcoin Treasury Committee, stated that they aspire to become the 'MicroStrategy of the Middle East.' The company reported earnings before interest, taxes, depreciation, and amortization of $12.5 million in 2024 and intends to allocate a substantial portion of its treasury to Bitcoin as its primary reserve asset. Their partnership with 10X Capital is expected to facilitate further capital raising for acquiring Bitcoin, presenting potential exposure to the Gulf Cooperation Council, which possesses significant wealth and economic power.

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