Mubadala Increases Its Stake in BlackRock's iShares Bitcoin Trust (IBIT) to $408.5M

According to a newly released 13F filing, the fund now holds $408.5 million worth of shares in BlackRock's iShares Bitcoin Trust (IBIT).

Abu Dhabi's sovereign wealth fund, Mubadala, appears to be incrementally increasing its exposure to Bitcoin with a new 13F filing showcasing a $408.5 million holding in BlackRock's iShares Bitcoin Trust (IBIT).

As of March 31, Mubadala owned 8,726,972 shares—a slight uptick from the 8.2 million reported just three months earlier. This growing stake comes as U.S. spot Bitcoin ETFs continue to attract massive inflows this May.

The new filing from Mubadala has been noted by MacroScope, highlighting a deeper partnership between the U.S. and UAE in the crypto domain.

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This signals that large institutions are not just testing the waters but rather diving in headfirst. For many, Bitcoin ETFs like IBIT present a regulated, familiar way to gain exposure to crypto without the technicalities of holding actual coins. And with Mubadala stepping up its position, the signal to other global funds is clear: the time to act may be now.

The partnership between the U.S. and UAE in the crypto domain is also unfolding on another level. In March, President Trump's Special Advisor on AI and Crypto, David Sacks, met with senior Emirati officials.

Among them was National Security Advisor Tahnoon Bin Zayed Al Nahyan, known for his X posts offering economic insights. Their conversations focused on the crossroads of artificial intelligence, digital currencies, and global investment opportunities. "Fostering collaboration and adopting forward-looking strategies remain essential pillars for driving sustainable growth," Bin Zayed wrote on X.

This partnership mindset is already showing results. The UAE has rapidly embraced Bitcoin over the last year, expanding infrastructure and hosting high-profile events like the Bitcoin MENA Conference in Abu Dhabi.

At the conference, Eric Trump spoke about how quickly attitudes toward crypto can change. He recounted a friend who dismissed Bitcoin, only for his bank to adopt it in the following months, highlighting the rapid shifts in the financial landscape.