Abu Dhabi Sovereign Wealth Fund Announces Significant Increase in Bitcoin Investments – Here Are the Details

Abu Dhabi-based sovereign wealth fund Mubadala Investment Company has publicly disclosed significant increases in its portfolio in a recent filing with the US Securities and Exchange Commission (SEC).

The fund was seen to have significantly increased its exchange-traded fund (ETF) position, particularly one that involves direct exposure to Bitcoin.

The announcement stated that iShares Bitcoin Trust (IBIT) shares reached 12.7 million as of December 31, with a total value of $630.6 million. This represents an increase of approximately 46% compared to the 8.7 million shares reported on September 30.

This increase occurred during a period when the BTC price was experiencing a deep decline.

This ETF stands out as one of the spot Bitcoin ETFs launched by asset management giant BlackRock that directly tracks the price of Bitcoin.

It was also observed that many companies in the healthcare, finance, energy, and consumer sectors held significant shares with “sole” (exclusive voting) status.

*This is not investment advice.