😱Abu Dhabi Fund DUMPS Truckload of Cash Into Bitcoin?!

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  • Mubadala, yeah, THAT Mubadala, upped their IBIT shares to 8.7M, worth, like, $408M by March 2025. Big deal.
  • The Abu Dhabi fund added 491,439 shares in Q1 2025. So what? I could’ve done that.
  • BlackRock’s IBIT ETF offers a “regulated” way to invest in Bitcoin. As if regulation means anything these days. 🙄

So, in its first-quarter SEC filing, Mubadala, in their infinite wisdom, revealed a “substantial” rise in its investment in BlackRock’s iShares Bitcoin Trust (IBIT), bringing the total value to $408.5 million. I mean, who cares? 🤷‍♂️

By the end of March 2025, Mubadala claimed they had 8,726,972 IBIT shares. Compared to December 2024, their ownership is 47% greater. Okay, good for them. Still doesn’t make my coffee taste better.

Apparently, in an effort to get into the “lightning-fast” cryptocurrency sector, Mubadala is boosting its stake in the Bitcoin Trust, which they see as a “solid legal strategy.” Legal schmegal. It’s all a gamble, folks. 🎲

Investors can “benefit” from Bitcoin price movements by investing in BlackRock’s IBIT without having to actually buy the cryptocurrency. The IBIT was introduced in January 2024, drawing the attention of the institutional investor community because it’s a “dependable” and “government-sanctioned” path to crypto markets. Dependable? Government-sanctioned? Sounds boring. 😴

Mubadala is a “leading” sovereign wealth fund with more than $300 billion under management. Their decision to invest in IBIT illustrates “increasing interest” from major players to channel money into cryptocurrencies. Or maybe they just had too much money and didn’t know what else to do with it. 🤔

Mubadala invested only a “small proportion” of its holdings in IBIT. But their investment marks one of the “most substantial” sovereign wealth fund investments in a Bitcoin ETF to date, according to the disclosure. So, they’re patting themselves on the back for doing what everyone else is doing. 👏

Why Mubadala Chose BlackRock’s IBIT ETF

Mubadala can buy Bitcoin indirectly through BlackRock’s IBIT ETF without having to worry about issues such as custody of the cryptocurrency or “regulatory compliance.” Because, you know, paperwork is the worst. 😫 Purchasing IBIT allows institutions to benefit from “quick and efficient” buying and selling. Like it’s some kind of miracle.

Yahoo Finance reported that shares of IBIT were priced at approximately $58.67 each in May 2025 and traded an average of more than 33 million times daily. “Liquidity” is a key advantage that led Mubadala to invest in BlackRock’s IBIT ETF. Liquidity, shmidity. It’s all just numbers on a screen.

Mubadala “gradually” increased its investment in IBIT in the previous few quarters. According to the company’s end-of-year filing, it owned 8.2 million Bitcoin ETF shares valued at $436 million at the time. Exciting stuff, really. 😒

Mubadala’s purchase of additional shares indicates that they’ve “faith” in Bitcoin and are willing to invest through both good and bad times. Or maybe they’re just stubborn. Most sovereign wealth funds prefer to keep their Bitcoin-related transactions private, but Mubadala made the “unusual” move of revealing its Bitcoin ETF investment. Attention-seeking much? 🙄

Institutional Trends in Bitcoin ETF Investments

Mubadala has “joined others” in capitalizing on the increasing institutional demand for Bitcoin ETFs. Brown University and the State of Michigan have also revealed investments in IBIT through their first-quarter SEC filings. Following the crowd, how original. 🐑

Additionally, some industry participants are opting to lower their Bitcoin ETF holdings. The State of Wisconsin Investment Board recently divested all 6 million shares of IBIT that it had purchased as a “pioneer” of Bitcoin ETFs, as indicated in a separate SEC document. Pioneer, my foot. They probably just realized it was a bad idea. 🤦‍♂️

However, Bitcoin seems to be gaining “more and more” acceptance among institutions. Eric Trump stated at the conference in Abu Dhabi in December 2024 that a number of major players around the world were competing to acquire Bitcoin. Well, that’s just great. Now everyone’s going to be doing it. 😠

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2025-05-17 13:10