UAE’s Mubadala Expands Bitcoin Holdings, Adding $408 Million to its Portfolio

The Abu Dhabi-based sovereign wealth fund, Mubadala Investment Company, significantly increased its Bitcoin holdings. Its latest 13F filing with the US Securities and Exchange Commission (SEC) reveals that it held 8,726,972 shares of the iShares Bitcoin Trust (IBIT) as of March 31, totaling $408.5 million in value. This represents a notable increase compared to Mubadala’s previous holdings on December 31, with approximately 491,000 more IBIT shares added during the first quarter of 2023.