The sovereign fund Mubadala increases its holdings in BlackRock’s Bitcoin ETF by 6%.
According to the 13-F filing submitted to the SEC, Abu Dhabi’s sovereign wealth fund Mubadala has increased its holdings in BlackRock’s spot Bitcoin ETF (IBIT) to 8.73 million shares, with a total value of $408.5 million.
The investment marks a 6% increase compared to its position last December, when the fund held 8.23 million shares.
For several months now, some of the world’s largest sovereign wealth funds have already gained exposure to Bitcoin: Norway’s Government Pension Fund Global, the largest in the world, holds around $500 million in MicroStrategy shares, while Abu Dhabi’s ADQ regularly invests in digital asset-related projects.
Mubadala joins other major institutional investors, including Goldman Sachs and Avenir Group, in increasing their exposure to IBIT.
