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Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, increased its exposure to crypto during the first quarter of 2025 through additional investment in BlackRock’s spot Bitcoin ETF.
A recent filing with the US Securities and Exchange Commission (SEC) revealed that the fund added 491,439 shares of BlackRock’s iShares Bitcoin Trust (IBIT), raising its total holdings to 8,726,972 shares as of March 31.
The added position, valued at roughly $28.8 million at the time of the purchase, brought the fund’s total Q1 holding in IBIT to $408.5 million, down from $436.9 million at the end of Q4 due to a dip in IBIT’s
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