Mubadala, the Abu Dhabi sovereign fund, has reported a significant increase in its stake in the iShares Bitcoin Trust, reflecting the growing interest from major investors in cryptocurrencies.
Mubadala's Growing Bitcoin Stake
According to a newly released 13F filing, Mubadala owns 8,726,972 shares of the iShares Bitcoin Trust, valued at $408.5 million as of March 31, 2025, up from 8.2 million shares reported three months earlier.
Bitcoin ETFs Market and Major Investments
Mubadala's investment adds momentum to an already successful month for Bitcoin ETFs. On May 2 alone, U.S. spot Bitcoin ETFs saw $674.9 million in inflows, followed by $425.45 million on May 5, and $334.58 million on May 9. On a single day, another $319.12 million poured in, with $232.46 million captured by the iShares Bitcoin Trust.
UAE and US Dialogue on Cryptocurrencies
Mubadala's actions also reflect a deeper strategic partnership. In March, David Sacks, a special advisor to the U.S. president on AI and cryptocurrencies, met with senior Emirati officials, including National Security Advisor Tahnoon Bin Zayed Al Nahyan, to discuss the impacts of digital currencies on financial systems and investment opportunities.
With Mubadala's increasing investment in Bitcoin, the growing interest from large institutional investors may indicate further strengthening of the cryptocurrency market and its integration into traditional financial systems.
