$BTC News reports 🧾🧾 have indicated that Mubadala Investment Fund, the sovereign wealth fund of Abu Dhabi, has increased its exposure to the iShares Bitcoin Trust (IBIT) managed by BlackRock 🤔🤔.

According to a filing with the U.S. Securities and Exchange Commission (SEC), Mubadala increased its holdings of IBIT shares by 6% during the first quarter of 2025, bringing its total holdings to 8,726,972 shares as of March 31, 2025, which were valued at $408.5 million at that time. With the subsequent rise in Bitcoin prices 📉, the current value of these holdings is estimated to be over $512 million 😳😳.

This investment 😌😌 represents an increase in the sovereign wealth fund of Abu Dhabi's interest in exposure to Bitcoin as an investment asset 👍.