Mubadala Deepens Bitcoin Holdings in BlackRock ETF Amidst Market Surge

Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, has significantly increased its stake in BlackRock’s Bitcoin spot ETF (IBIT), now holding 8.727 million shares valued at approximately $408.5 million, according to recent SEC filings. This strategic move underscores Mubadala’s growing confidence in the cryptocurrency market as a whole. The decision aligns with ongoing US-UAE discussions regarding digital currency policies. 13F filings show a substantial rise from December 2024. Notably, Mubadala’s expansion coincides with Bitcoin’s impressive price surge over the past year, which has witnessed a 86% increase.