Abu Dhabi recently announced a significant $436.9 million investment in BlackRock’s iShares Bitcoin ETF (IBIT), based on data from December 31, 2024. This stake was acquired through Mubadala Investments, a key sovereign wealth fund of the UAE, according to a filing with the U.S. Securities and Exchange Commission.
Following the announcement, Bitcoin’s price experienced a slight increase of 0.5%, reaching $97,400.
About The Author
More Stories
Bitcoin sees sharp volatility around CME open amid rising Iran-related risks.
MARA likely to post a Q1 loss, with attention turning to its AI expansion plans.
XRP gains 2.5%, outpacing BTC and ETH in a breakout past the $1.45 level.