The state holding company Mubadala Investment Company, based in Abu Dhabi, increased its investment portfolio in the spot Bitcoin ETF IBIT by an additional $28.8 million in Q1 2025. This was revealed in a 13F report submitted by the company to the U.S. Securities and Exchange Commission (SEC).
This is reported by Business • Media
Mubadala Investment Company, established in January 2017, is fully controlled by the Abu Dhabi authorities, classifying it as a sovereign fund. According to the report, as of March 31, 2025, the company owned 8.72 million shares of iShares Bitcoin Trust (IBIT) from BlackRock. Compared to Q4 2024, the company increased its stake by 491,439 securities, equivalent to approximately $28.8 million.
IBIT Stock Dynamics
Despite the investments, IBIT shares demonstrated a decline in value in Q1. While the portfolio of Mubadala Investment Company was valued at $436.9 million as of December 31, 2024, its value dropped to $408.5 million by March 31, 2025. According to TradingView data, IBIT shares have risen nearly 7% since the beginning of 2025. However, the chart shows that the upward trend only began in early April, while prior to that, a downturn was observed.
Expert Predictions
Mubadala Investment Company’s investment in IBIT has drawn the attention of experts at Standard Chartered, who predict an increase in demand for Bitcoin derivative products among sovereign funds. Experts believe that this trend may indicate a growing interest from state-owned companies in investing in cryptocurrencies.
“We are observing an increase in demand for Bitcoin ETFs among sovereign funds.”