Abu Dhabi has revealed a significant investment in BlackRock’s iShares Bitcoin ETF (IBIT), disclosing a $436.9 million stake as of December 31, 2024. The ownership was held through Mubadala Investments, one of the city’s prominent sovereign wealth funds, according to a 13F filing with the U.S. Securities and Exchange Commission.
Following the announcement, the price of Bitcoin (BTC) saw a modest 0.5% increase, rising to $97,400.
