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

By: cryptofrontnews|2025/05/16 09:30:06
0
Share
copy
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.

You may also like

The parent company of the New York Stock Exchange strategically invests in OKX: The intentions behind the $25 billion valuation

Continuous cases show that cryptocurrency exchanges are becoming a battleground for traditional finance and tech giants, while also serving as an important stronghold for entering the strategic landscape of Web3.

WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

What are the key highlights of this year's Ethereum's most important upgrade, the Glamsterdam upgrade?

The Ethereum Race Against Time, Perhaps Truly a Quest for Revival

March 6 Key Market Update You Can't Miss! | Alpha Morning Report

.Top News: Recent Developments in US-Iran Conflict, Military Action to Escalate Further, Trump Rejects Soleimani's Son Taking Over Token Unlock: $W, $RED

Sell Nvidia, Buy Power Plant: 27-Year-Old AI Investor Earns $5 Billion in One Year

The essence of investment is to find price dislocation in the future that has already arrived but is not yet evenly distributed.

The $24 Million Heist Behind It: The Most Dangerous Vulnerability in the Crypto World is Actually Human

When a Private Key Meets Real Brutality, Your On-chain Balance is Already a Bounty Map

Popular coins

Latest Crypto News

Read more