Abu Dhabi’s sovereign wealth fund, ADIC, has significantly boosted its Bitcoin holdings, tripling its investment in the digital asset despite global market volatility. The move comes as Bitcoin prices continue to fluctuate amidst a challenging period for the cryptocurrency markets. 36Crypto reports that ADIC has increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT) by an enormous amount, bringing its total value to approximately $518 million – a dramatic leap from its previous quarter’s holding of just $177 million. Mubadala, ADIC’s parent company, furthered its Bitcoin investment by expanding its stake in Binance, a move worth an estimated $2 billion. This bold investment positions Abu Dhabi as one of the most prominent institutional investors in the digital asset market.