Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi, announced its investment in BlackRock's iShares Bitcoin Trust (IBIT), which is a spot Bitcoin fund, according to its latest regulatory disclosures. As of March 31, 2025, Mubadala's stake in the iShares Bitcoin Trust (IBIT) was approximately 8.7 million shares, an increase of 6% from the previous quarter, reflecting a strong commitment to expanding its investments in Bitcoin despite market volatility.
This investment makes Mubadala one of the largest institutional investors in BlackRock's exchange-traded fund (Bitcoin ETF), with an estimated value of these investments around $408.5 million by the end of the first quarter, exceeding $512 million at current prices. This stake represents about 0.14% of the total assets managed by Mubadala, estimated at $302 billion, confirming the fund's strategic interest in cryptocurrency assets.
This move coincides with BlackRock's growing presence in Abu Dhabi, having obtained a business license to operate in the emirate during the same period. The increase in Mubadala's investments in Bitcoin exchange-traded funds highlights a broader trend among sovereign wealth funds towards adopting digital assets as part of their diversified investment portfolios.
In contrast, some institutional investors such as the Wisconsin Investment Board have recently exited their positions in Bitcoin exchange-traded funds, indicating differing risk appetites and strategic approaches to cryptocurrency exposure among large funds.
This development represents an important milestone in integrating traditional finance and cryptocurrency markets, reinforcing the Abu Dhabi sovereign wealth fund's position as a key player in the evolving digital assets landscape.