Abu Dhabi has announced a $436.9 million stake in BlackRock’s iShares Bitcoin ETF (IBIT) as of December 31, 2024. This investment is held through Mubadala Investments, one of the UAE’s key sovereign wealth funds, according to a 13F filing with the U.S. Securities and Exchange Commission.
In response to the disclosure, Bitcoin’s price increased by approximately 0.5%, reaching $97,400.
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