The state holding company Mubadala Investment Company made an additional investment of $28.8 million in the spot Bitcoin ETF IBIT in Q1 2025. This information was revealed through a 13F report filed by the company with the U.S. Securities and Exchange Commission (SEC).
This is reported by Finway
Mubadala Investment Company, which was founded in January 2017 and is fully controlled by the Abu Dhabi authorities, belongs to the category of sovereign funds. As of March 31, 2025, the company owns 8.72 million shares of iShares Bitcoin Trust (IBIT), which is provided by BlackRock. Compared to Q4 2024, Mubadala increased its stake by 491,439 shares, valued at approximately $28.8 million.
IBIT Stock Dynamics
At the same time, there has been a decline in the value of IBIT shares in Q1. The portfolio of Mubadala Investment Company was valued at $436.9 million as of December 31, but by March 31, it had decreased to $408.5 million. According to TradingView, since the beginning of 2025, IBIT shares have increased by nearly 7%. The upward trend in the shares began in early April, following a previous downturn.
Prospects for Bitcoin ETFs
Earlier, experts from Standard Chartered predicted an increase in demand for Bitcoin ETFs among sovereign funds.
The sovereign fund’s investment in IBIT has attracted the attention of experts, who believe it may indicate a growing interest among state-owned companies in derivative Bitcoin products.