Summary
- Abu Dhabi's sovereign fund Mubadala announced that it has invested over $500 million in BlackRock's Bitcoin Exchange Traded Fund (ETF).
- Mubadala additionally purchased 491,500 shares of BlackRock IBIT in the first quarter, bringing its total holdings to approximately 8.73 million shares.
- Meanwhile, the State of Wisconsin Investment Board (SWIB) reportedly sold all of its approximately 6.06 million shares of BlackRock IBIT during the same period.
It has been revealed that Abu Dhabi's sovereign fund Mubadala has invested over $500 million in BlackRock's Bitcoin (BTC) spot Exchange Traded Fund (ETF).
According to the 13F report submitted by Mubadala to the U.S. Securities and Exchange Commission (SEC) on the 15th (local time), Mubadala additionally purchased 491,500 shares of BlackRock IBIT in the first quarter of this year. The 13F report is an investment status report that investment institutions with assets over $100 million must submit to the SEC quarterly.
As of the end of March, Mubadala held approximately 8.73 million shares of BlackRock IBIT. Cointelegraph reported, "At the current price, this amounts to about $512 million."
On the other hand, the State of Wisconsin Investment Board (SWIB) reportedly sold all of its approximately 6.06 million shares of BlackRock IBIT in the first quarter.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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