Abu Dhabi's wealth funds sat on $764M in Bitcoin through the dip
Mubadala (
@Mubadala) disclosed a $490 million stake in BlackRock's $IBIT in a Friday filing, the second-largest position in its reported US portfolio, while the Abu Dhabi Investment Council holds $273.6 million, its largest.
Both positions are unchanged from last quarter despite Bitcoin's slide toward $63,000. Arkham has separately attributed around 6,782 $BTC to mining wallets linked to the UAE's Royal Group.