Middle East sovereign wealth fund Mubadala Investment Co. channeled $437 million into bitcoin at the end of last year.
The Abu Dhabi-based investor, which has $302 billion in assets, reported on Feb. 14 in a 13F filing of holdings to the Securities and Exchange Commission that it had invested $437 million in the iShares Bitcoin Trust ETF. The filing covered the three-month period ended Dec. 31.
Mubadala declined to comment.
The iShares Bitcoin Trust ETF had net assets of $56.6 billion as of Feb. 19, according to the iShares website. It is traded on the Nasdaq stock exchange, and launched on Jan. 5, 2024.
The exchange-traded fund “seeks to reflect the generally the performance of the price of bitcoin,” according to a fund factsheet. It trades with the IBIT ticker.
