Abu Dhabi Giants Increase Bitcoin ETF Holdings, Dumping 6% of Funds!

On May 16, Abu Dhabi's sovereign fund Mubadala ramped up its Bitcoin ETF holdings, surging to 8.73 million shares, with a market value skyrocketing to over 400 million dollars, a staggering increase of 6% since the end of last year.

This substantial move demonstrates a skyrocketing confidence from heavyweight global institutions in Bitcoin, suggesting that digital assets are becoming essential in top investment portfolios. Mubadala's strategic core admits that the combination of digital currency and artificial intelligence will ignite a new wave of investment frenzy.

This operation will undoubtedly spark more sovereign funds to follow suit, boosting Bitcoin's institutional recognition. Currently, Bitcoin's price firmly holds above the 103,000 dollar mark, with a market value exceeding 2 trillion dollars, and market enthusiasm continues to rise!