Bitcoin Surge Abu Dhabi’s $436M ETF Investment

Mubadala Invests $436.9 Million in Bitcoin ETF

• Mubadala Investment Company invested $436.9 million in iShares Bitcoin Trust ETF during Q1 2024.
• The investment marks one of the first crypto asset allocations by a major sovereign wealth fund.
• Mubadala manages over $280 billion in assets and acquired 8.2 million shares of IBIT.
• The investment was disclosed in Mubadala’s Q1 filing with the US Securities and Exchange Commission.
• Bitcoin prices rose by 1% following the announcement, from $96,700 to $97,700.

This significant investment by Mubadala highlights a growing trend among institutional investors embracing digital asset products within traditional finance markets.