✅✅Abu Dhabi Discloses

$437M Stake in BlackRock Spot

Bitcoin ETF

♦️The ownership interest was held via Mubadala Investments, one of the country's sovereign wealth funds

🔥🔥🔥What to know:

👉The Middle Eastern city of Abu Dhabi on Friday disclosed a $436.9 million stake in BlackRock's iShares Bitcoin

ETF (IBIT) as of Dec. 31, 2024.

The stake was held via Mubadala Investments, one of the country's sovereign wealth funds, per a 13F filing with the U.S. Securities and Exchange Commission.

The price of bitcoin (BTC) has rallied about 0.5% on the news to $97,400.