Mubadala Doubles Bitcoin (BTC) Investment by Boosting Stake in BlackRock's iShares Bitcoin Trust (IBIT)

In its first-quarter SEC filing, Mubadala revealed a substantial rise in its investment in BlackRock's iShares Bitcoin Trust (IBIT), bringing the total value to $408.5 million.

Mubadala Capital, the investment vehicle of the Abu Dhabi government, disclosed a significant build-up of its stake in BlackRock’s (NYSE:BLK) iShares Bitcoin Trust (NYSE:IBIT) during the first quarter.

According to Mubadala’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC), the firm reported holding 8,726,972 shares of IBIT by the end of March. The total value of Mubadala’s IBIT investment is estimated at $408.5 million.

Compared to its position in December 2024, Mubadala’s ownership of IBIT shares has increased by about 47%.

At the end of 2024, Mubadala reported holding 8.2 million IBIT shares, which were valued at $436 million at the time.

Earlier this year, several state-based pension funds, including the State of Michigan and the New York State Common Retirement Fund, disclosed their investments in IBIT.

Also, a recent report by the University of California at Berkeley disclosed that the university had invested at least $200 million in IBIT.

How To Trade IShares Bitcoin Trust

Shares of IBIT are priced at $58.67 each and trade an average of 33,030,000 times daily.

Investors who want to benefit from the price movements of Bitcoin can invest in BlackRock’s IBIT without purchasing the cryptocurrency itself. IBIT was launched in January 2024.

The IBIT is a bitcoin trust that provides a simple and standard means for institutional investors to gain exposure to the cryptocurrency market. It is a cost-effective and efficient way for investors to participate in the bitcoin market.

Those interested in direct exposure to Bitcoin futures can consider the VT Triplex Total Return Cryptocurrency Index 12M (CRYPTO:BTC) or the Bitcoin (BTC) token. For a broad basket of cryptocurrency market exposure, there is the CC Index 12M (CRYPTO:CC).