Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, increased its exposure to crypto during the first quarter of 2025 through additional investment in BlackRock’s spot Bitcoin ETF.
The added position, valued at roughly $28.8 million at the time of the purchase, brought the fund’s total Q1 holding in IBIT to $408.5 million, down from $436.9 million at the end of Q4 due to a dip in IBIT’s market price.
Despite the quarter-over-quarter decline in valuation, the strategic accumulation has since appreciated in market value. At current prices, Mubadala’s IBIT stake is worth approximately $512 million, highlighting the potential upside of the fund’s increased exposure. BlackRock’s IBIT closed at $58.67 on Thursday, representing a 0.12% daily decline.
BlackRock’s iShares Bitcoin Trust has rapidly grown to dominate the US spot Bitcoin ETF market, pulling in more than $45.5 billion in net inflows since its launch in January 2024. As of the most recent data, the ETF has over $65.4 billion in assets under management.
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