Mubadala Increases Holdings in iShares Bitcoin Trust ETF

Mubadala, the sovereign wealth fund of Abu Dhabi, has increased its holdings in BlackRock's iShares Bitcoin Trust ETF (IBIT), according to The Block. The fund's shares rose from 12,702,323 to 14,721,917, adding over $90 million in value, bringing the total to nearly $660 million. Meanwhile, the Abu Dhabi Investment Council (ADIC), a subsidiary of Mubadala, maintained its IBIT holdings at 8,218,712 shares, valued at $315.8 million.