Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, disclosed a significant increase in its position in BlackRock’s iShares Bitcoin Trust (IBIT), reporting ownership of 12.7 million shares valued at approximately $630.6 million as of December 31. 

This represents a 46% rise from the 8.7 million IBIT shares previously reported as of September 30. Mubadala manages a broad global portfolio spanning technology, healthcare, infrastructure, private equity and public markets, with assets under management exceeding USD 330 billion. 

The fund’s strategy aims to generate sustainable returns for the Government of Abu Dhabi and support economic…

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