Bahraini Firm’s Hidden Treasure: Bitcoin! 🤫💰

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Is Your Bahrain’s Company Secretly Fancying Bitcoin? Find Out! 🚀

  • Al Abraj, Bahrain’s darling of the bourse, has theatrically announced their flirtation with Bitcoin for their treasury. Charming, isn’t it?
  • In a move as subtle as a lady’s fan, they have united with 10X Capital from the U.S. to woo digital assets. Ooh la la! 🇺🇸💻
  • This audacious step hints at the rising tide of regional interest in Bitcoin. Beware, traditional finance! ☠️💸

The story begins with Bahrain’s own Al Abraj Restaurants Group — yes, the very establishment that probably does the best hummus in Manama — taking a daring leap by adding Bitcoin to their ledger. All very hush-hush, until yesterday, when they rashly (or perhaps bravely) divulged this secret on their official X account. Oh, the scandal! 🤭

Al Abraj Partners with 10X – Because Why Not Invest in Digital Gold? 💎

On a particularly daring day, May 15, our brave explorers announced their alliance with 10X Capital — a firm in the good old US of A, famed for its digital currency wizardry. The plan? Start modestly with five Bitcoins and then maybe, if they’re feeling particularly adventurous, accumulate more. Such restraint! 🚶‍♂️

While many might dismiss this as a mere whisper in the wind, it is, in truth, Bahrain’s first listed company to incorporate Bitcoin into their treasury — akin to discovering the Fountain of Youth, or at least, Financial Innovation. Globally, the wise companies have already plunged into this digital pool; Bahrain is merely testing the waters.

Financially, Al Abraj appears to be doing splendidly — boasting pre-tax profits of over $12 million in 2024. Perhaps they view Bitcoin as the new treasure chest, a secret weapon for diversifying their investments and tempting fate. 💼✨

Adding to the intrigue, they strive to persuade their fellow Islamic financiers to embrace Bitcoin — because why should western finance have all the fun? This could pave the way for many in the Middle East to try virtual currency, legally and Shariah-compliantly. Oh, what a revolutionary idea! 💡

What’s next? Well, Al Abraj plans to collaborate further with 10X, seeking creative ways to scoop up even more Bitcoin. After all, nothing says ‘long-term strategy’ like stacking virtual coins with a dash of audacity. 🪙

The Bitcoin Oversight Committee: Because Someone Must Keep an Eye on All This Digital Mischief 👀

The decision was made with the utmost respect for Bahrain’s financial laws, no doubt to avoid the Queen’s wrath. A special committee will be instituted to keep watch — ensuring the Bitcoin remains secure, transparent, and, most importantly, profitable. Think of it as a watchdog with a decent suit and a clipboard. 📝

The head of this committee vouches that the move demonstrates the company’s bright future and their clever plan to delight shareholders with financial wizardry. Media coverage? Thin on the ground. But internal excitement? Absolutely palpable. They aim to blend tradition with innovation, creating a lovely cocktail called ‘Digital Finance’. 🍸

By pioneering such strategies, Bahrain whispers to the world that the Middle East is not to be left behind in the race for financial modernity. Other firms, take note — cryptocurrencies aren’t just a fad; they’re the future, darling! 🌍

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2025-05-16 23:16