Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, has significantly increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT). As of the end of December, Mubadala holds 12.7 million shares valued at approximately $630.6 million, marking a 46% rise from the previous quarter when it held 8.7 million shares. Mubadala manages a vast global investment portfolio spanning technology, healthcare, infrastructure, private equity, and public markets, with total assets exceeding $330 billion. Its primary goal is to generate sustainable financial returns for the Abu Dhabi government and promote economic diversification beyond oil.
Meanwhile, another Abu Dhabi investment firm, Al Wurud Investments, has also expanded its IBIT holdings to 8.22 million shares, reflecting growing regional interest in public Bitcoin ETFs, as Al Wurud traditionally favored private investments. Collectively, Abu Dhabi investment companies hold over 20 million IBIT shares worth more than $1.1 billion. Global financial institutions such as Jane Street, BlackRock, and Morgan Stanley have also increased their Bitcoin ETF investments, underscoring the growing importance of Bitcoin among major investors.
Last November, the U.S. state of Texas announced plans to purchase Bitcoin for its strategic reserve, becoming the first state to do so. Additionally, Harvard University has reduced its Bitcoin holdings while increasing investments in Ethereum. These developments indicate that Bitcoin and other cryptocurrencies are gaining recognition in global financial markets, with significant investors strengthening their positions.
Source: bitcoinmagazine
