Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, increased its exposure to crypto during the first quarter of 2025
Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, increased its exposure to crypto during the first quarter of 2025 with additional investment in BlackRock’s flagship Bitcoin ETF.
According to a recent filing with the US Securities and Exchange Commission (SEC), the fund added 491,439 shares of BlackRock’s iShares Bitcoin Trust (NYSE:IBIT) to reach a total holding of 8,726,972 shares by March 31.
The added position, valued at roughly $28.8 million at the time of purchase, brought the fund’s Q1 holding in IBIT to $408.5 million — down from $436.9 million at the end of Q4 due to a dip in IBIT’s market price.
The strategic accumulation has since seen some appreciation in market value, with Mubadala’s IBIT stake currently valued at approximately $512 million at current prices. BlackRock’s IBIT closed at $58.67 on Thursday, representing a 0.12% daily decline.
Mubadala is among several major institutions that have been shifting capital into regulated Bitcoin investment vehicles as part of a long-term asset diversification strategy.
Hong Kong-based investment firm Avenir disclosed holdings of 14.7 million IBIT shares at the end of Q1, up from 11.3 million at year-end 2024, valued at $691 million.
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