Al Abraaj Adds Bitcoin to Treasury, Partners with 10X Capital

By: cryptofrontnews|2025/05/16 09:30:06

Al Abraaj becomes Bahrain's first public firm to add Bitcoin to its reserves through a U.S. partnership.The group plans a Shariah-compliant crypto strategy targeting investors in Gulf Cooperation Council countries.Bitcoin per share will serve as a performance metric for Al Abraaj shareholders following its IPO on the Bahrain Bourse.Al Abraaj Restaurants Group, a Bahrain-based food and beverage company, has officially added Bitcoin to its corporate treasury. The company is now the first publicly traded entity in Bahrain to hold the digital asset as part of its financial reserves.For this reason, Al Abraaj partnered strategically with 10X Capital that is based in New York. The investment firm aims to help Al Abraaj with advisory work on Bitcoin treasury management, capital budgeting, and asset planning. The deal will make it possible for them to secure additional funds for purchasing more Bitcoin.Focus on Shariah-Compliant Bitcoin InvestmentsThe new strategy is centred around creating an investment vehicle that meets Shariah standards. This program will allow Islamic investors from Bahrain, Saudi Arabia, the UAE, Kuwait, Qatar, and Oman to invest in Bitcoin via a qualified and listed company.Al Abraaj plans to use Bitcoin per share as a performance indicator for investors. This approach aligns the firm with global peers such as MicroStrategy in the United States and Metaplanet in Japan, which have adopted Bitcoin as part of their financial strategy.Listed on Bahrain Bourse in Late 2024The news arrived shortly after Al Abraaj finished its initial public offering. In December 2024, the company’s shares were added to the Bahrain Bourse and can be traded under “ABRAAJ.” The IPO was guided by SICO Bank, and it was a major step for the food and beverage business in Bahrain.The move was observed by industry analysts as a sign that big institutions in the Gulf are gaining interest in Bitcoin. This trend suggests that more companies are beginning to use crypto assets together with more traditional financial products.The Gulf region is interested in making use of blockchain and cryptocurrencies by working towards supportive rules and new products. The Bitcoin strategy of Al Abraaj is likely to make other companies in the region reconsider their investment options.The post Al Abraaj Adds Bitcoin to Treasury, Partners with 10X Capital appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...