In the grand game of financial roulette, our esteemed friends from the government sector have taken a plunge into the world of Bitcoin! Yes, dear reader, you read that right! The land of cheese and the desert oasis have both decided to take a gamble on the digital gold rush!
Wisconsin, the land of cheese and the Green Bay Packers, has more than doubled down on its Bitcoin exposure in just three months! The State of Wisconsin Investment Board has acquired an additional 3.1 million shares of BlackRock’s iShares Bitcoin (BTC) Trust in Q4 2024, according to a 13F filing with the Securities and Exchange Commission. It seems that Wisconsin has become the first sovereign fund to gain exposure to Bitcoin ETFs, and they’re not looking back!
Meanwhile, across the pond, in the land of sand and oil, the Abu Dhabi Sovereign Wealth Fund, known as Mubadala Investment Company, has also taken a fancy to Bitcoin. The SEC Edgar records show that the Abu Dhabi Sovereign Wealth Fund acquired BlackRock IBIT shares worth an estimated $436.9 million as of Dec. 31. It seems that the UAE capital is looking to diversify its portfolio and take a gamble on the digital gold rush!
And so, dear reader, the race to Bitcoin glory continues! Will the government sector continue to take a gamble on the digital gold rush? Only time will tell! But for now, let us sit back and enjoy the show!
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2025-02-14 22:42