In a recent development, the Abu Dhabi sovereign wealth fund, known as Mubadala, has revealed a significant boost in its investment portfolio. According to the latest 13F filing, Mubadala’s stake in the BlackRock Bitcoin spot ETF (IBIT) surged to approximately 8,727,000 shares, translating to a robust market valuation of $408.5 million. This represents a notable 6% increase compared to the previous figures at the end of 2024. As institutional interest continues to grow, this strategic positioning by Mubadala underscores a broader trend in the financial landscape towards embracing digital assets. Investors and analysts alike are closely monitoring such movements, as they may signal a shift in market dynamics and potential avenues for future capital allocation.
Source: https://en.coinotag.com/breakingnews/mubadala-increases-blackrock-bitcoin-etf-holdings-to-8-7-million-shares-marking-a-6-growth/