Journalist
Posted: February 16, 2025
- Analysts believe Abu Dhabi owns more Bitcoin than what has been previously reported
- Other pundits have called for the United States to include BTC ($97,667.29) in its sovereign wealth fund
Abu Dhabi’s sovereign wealth fund, Mubadala Investments, is now the 7th largest holder of BlackRock Bitcoin ETF, IBIT, with a $461M investment in Q4 2024.
Since it is one of the Emirates of the UAE, this news has intensified the initial speculation that Abu Dhabi might have as much as $40 billion in Bitcoin holdings.
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