The sovereign wealth fund Mubadala Investment Company, headquartered in Abu Dhabi, has recently revealed substantial growth in its investment portfolio through a filing submitted to the US Securities and Exchange Commission (SEC).
Notably, the fund has considerably expanded its holdings in exchange-traded funds (ETFs), with a particular focus on those providing direct exposure to Bitcoin.
According to the disclosure, shares of the iShares Bitcoin Trust (IBIT) reached 12.7 million by December 31st, valued at $630.6 million. This marks an approximate 46% rise from the 8.7 million shares reported on September 30th.
This surge took place amid a significant downturn in Bitcoin’s market price.
The ETF is distinguished as one of BlackRock’s spot Bitcoin ETFs that track Bitcoin prices directly and are managed by this leading asset management firm.
Additionally, it was noted that numerous corporations across healthcare, finance, energy, and consumer industries maintained considerable stakes with exclusive voting rights (“sole” status).
*This content does not constitute investment advice.