Despite broader price volatility, the share count increase highlights the sovereign wealth fund’s commitment to Bitcoin. Based on its public disclosures, the fund’s IBIT position accounts for roughly 0.14% of its $302 billion in total assets under management.
Notably, Abu Dhabi has other significant state-owned investment vehicles, such as the Abu Dhabi Investment Authority (ADIA), the Abu Dhabi Developmental Holding Company (ADQ), and the Emirates Investment Authority (EIA).
In its fourth quarter filing, SWIB had disclosed 6,060,351 shares of IBIT valued at $321.5 million. That represented a 110% increase from the 2,898,051 shares it held during the second quarter of 2024.
The contrasting strategies between Mubadala and SWIB reflect a divergence in state-backed positioning toward Bitcoin amid a volatile pricing environment in early 2025.
While Mubadala opted to expand its exposure through a higher share count despite a declining asset value, SWIB’s liquidation points to reduced risk tolerance or a pivot in portfolio strategy.
Both filings provide updated data on institutional investors’ response to Bitcoin’s volatility through ETF-based access as traditional finance integrates with crypto.
