Track Phoenix Group Holdings in your portfolio
Create your free portfolio and track your Bitcoin exposure —treasuries, ETFs and direct BTC— in one place, with weighted mNAV and BTC Yield.
Acquisition History
Acquisition data not available.
Treasury Metrics
What is Phoenix Group Holdings?
Phoenix Group Holdings (ADX: PHX) is an Abu Dhabi–based technology and Bitcoin mining company, one of the world's largest miners and the first crypto company listed on the Abu Dhabi Securities Exchange. In 2025 it formalized a digital-asset treasury of more than $150 million, with a Bitcoin reserve of around 517 BTC alongside a Solana position.
History and model
Phoenix Group was born in the United Arab Emirates as a technology conglomerate focused on Bitcoin mining and blockchain infrastructure. In late 2023 it carried out a pioneering listing on the Abu Dhabi Securities Exchange (ADX), raising around $370 million and debuting with a sharp jump that put its valuation in the region of $2.5 billion. With that it became the first crypto company listed on ADX and one of the world's largest Bitcoin miners by installed capacity, bringing the corporate Bitcoin model to the Gulf region.
Mining operations
Phoenix operates large-scale mining infrastructure spread across several countries —the United Arab Emirates, the United States, Canada, Oman and Ethiopia— with total capacity exceeding 450 megawatts. During the first half of 2025 it mined on the order of 689 BTC, placing it among the major global miners. The geographic diversification of its sites lets it access competitive energy across jurisdictions, a key variable for a Bitcoin miner's profitability.
Digital-asset treasury
In 2025 Phoenix formalized a digital-asset treasury worth more than $150 million, becoming the first ADX-listed entity to adopt such a reserve. The position combines a Bitcoin reserve of around 517 BTC with a significant Solana holding (more than 600,000 SOL tokens). It is therefore a multi-asset treasury —not exclusively Bitcoin—, a nuance that sets it apart from pure treasuries focused only on BTC.
Position in SatsIntel
Phoenix Group represents the Gulf's entry into the corporate Bitcoin universe and combines two profiles: large global miner and emerging digital treasury. In the SatsIntel directory it is classified as a miner with a treasury, distinct from pure treasuries like Strategy. Note that its reserve is multi-asset (Bitcoin + Solana) and that, since it trades on ADX, Yahoo Finance does not index its price in real time, so the profile shows no live quote.
Frequently asked questions
How many bitcoins does Phoenix Group hold?
Phoenix Group holds a reserve of around 517 BTC, as part of a digital-asset treasury of more than $150 million that also includes a significant Solana position.
Where is Phoenix Group listed?
Phoenix Group trades on the Abu Dhabi Securities Exchange (ADX) under the ticker PHX since late 2023, when it became the first crypto company listed on that market. Yahoo Finance does not index ADX quotes, so its price is not available in real time.
Is Phoenix Group a miner or a treasury?
Both. It is one of the world's largest Bitcoin miners by installed capacity and, in addition, in 2025 it formalized a digital-asset treasury (Bitcoin and Solana) of more than $150 million. Its profile is that of a miner with an emerging treasury.
Where are its mining operations?
Phoenix operates mining sites in the United Arab Emirates, the United States, Canada, Oman and Ethiopia, with total capacity exceeding 450 megawatts. The geographic diversification lets it access competitive energy across several jurisdictions.
How is it different from a pure treasury like Strategy?
Phoenix is primarily a miner with an emerging, multi-asset treasury (it includes Solana as well as Bitcoin), whereas a pure treasury like Strategy focuses exclusively on maximizing Bitcoin per share. They are different models: BTC production versus pure accumulation.
Read this profile in Spanish: ver ficha en español →
Corporate Bitcoin moves, every week
Daily closes, treasury purchases and analysis in your inbox. No spam.
Disclaimer: SatsIntel is for informational purposes only. It is not an authorized crypto-asset service provider (CASP) and does not provide financial, tax or legal advice. Crypto-assets are high-risk assets and may result in the total loss of the invested capital. See the legal terms.