Abu Dhabi-based sovereign wealth fund Mubadala reported in its newest 13F submitting with the US Securities and Trade Fee (SEC) that it held 8,726,972 shares of the iShares Bitcoin Belief (IBIT) fund as of March 31.
The entire worth of those shares was recorded as $408.5 million.
This represents a big improve from the 8,235,533 shares the fund reported on Dec. 31. Roughly 491,000 extra IBIT shares have been added to the portfolio within the first quarter.
Mubadala’s curiosity in Bitcoin shouldn’t be new. In 2023, the fund introduced a strategic partnership with crypto mining agency Marathon Digital and Abu Dhabi-based Zero Two to ascertain a BTC mining facility within the area.
As well as, in latest developments, Avenir Group has turn out to be one of many largest institutional buyers in Asia with a $857 million BTC ETF place. China-based DDC introduced plans to buy 5,000 Bitcoins as a strategic reserve. UK-based Coinsilium raised £1.25 million as a part of its Bitcoin treasury creation technique.
*This isn’t funding recommendation.
