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.
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