Mubadala Invests $408 Million in BlackRock’s Bitcoin ETF

Abu Dhabi’s Mubadala Investment Company has injected a significant sum of $408 million into Blackrock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), according to its recent regulatory filing. This investment brings Mubadala’s holdings in IBIT up 6% from the previous quarter and further demonstrates their commitment to expanding their exposure to Bitcoin despite market fluctuations. This strategic move positions Mubadala as one of the largest institutional investors in BlackRock’s Bitcoin ETF, with the value of its stake estimated at around $408.5 million based on current prices.