$USDC

$USDC Abu Dhabi Investment Authority Expands Its Investments in Bitcoin through IBIT

Mubadala Investment Company, Abu Dhabi's sovereign wealth fund, increased its stake in BlackRock's iShares Bitcoin Trust by more than 491,000 shares, bringing its total investments to approximately $408.5 million. At the same time, the Wisconsin Investment Board sold all of its investments in cryptocurrency exchange-traded funds in the first quarter of 2025.

This move contrasts with Wisconsin's complete exit from cryptocurrencies, indicating a diversity of institutional approaches amid regulatory developments. Mubadala's Significant Investment in Bitcoin

Mubadala Investment Company, with assets exceeding $300 billion, has significantly expanded its investments in Bitcoin within BlackRock's iShares Bitcoin Trust. This prominent institutional entry reflects confidence in Bitcoin's future potential. Conversely, Wisconsin has exited cryptocurrency exchange-traded funds, representing a strategic shift in its investment approach.

With Mubadala purchasing more than 491,000 additional shares of IBIT, Bitcoin continues to gain increasing momentum among sovereign wealth funds. This investment, representing $408.5 million, enhances Bitcoin's institutional presence. Wisconsin's exit may be driven by a reassessment of risks amid market volatility.