Abu Dhabi investment funds increased their bitcoin ETF investments in the fourth quarter.

3

Mubadala Investment Company and Al Warda Investments collectively possessed over $1 billion in BlackRock’s iShares Bitcoin ETF (IBIT) by the conclusion of 2025.

Key details:

  • In the final quarter of 2025, two prominent investment firms from Abu Dhabi, Mubadala Investment Company and Al Warda Investments, increased their holdings of BlackRock’s iShares Bitcoin Trust (IBIT) as the price of bitcoin decreased.
  • Mubadala raised its IBIT holdings to 12.7 million shares, while Al Warda’s increased to 8.2 million shares.
  • Ultimately, their combined investment surpassed $1 billion at the close of 2025, but has since dropped to slightly over $800 million due to additional bitcoin declines in 2026.

Two significant Abu Dhabi investment firms expanded their bitcoin exposure during the last quarter of 2025, acquiring shares in BlackRock’s spot bitcoin ETF as the market declined, according to recent regulatory disclosures.

Mubadala Investment Company, a sovereign wealth fund supported by the Abu Dhabi government, purchased almost four million additional shares of BlackRock’s iShares Bitcoin Trust (IBIT) between October and December, raising its total to 12.7 million shares. This acquisition occurred as bitcoin experienced a decline of approximately 23% during that quarter.

STORY CONTINUES BELOWStay informed with our latest updates.Subscribe to the Crypto Daybook Americas Newsletter today. View all newslettersSign me up

Mubadala began acquiring IBIT shares in late 2024 and has continued to increase its holdings.

Al Warda Investments, another investment management firm based in Abu Dhabi that manages a diversified portfolio of global assets for government-related entities, held 8.2 million shares at the end of the fourth quarter, a slight increase from 7.96 million shares three months prior.

In total, the two firms possessed more than $1 billion in bitcoin through IBIT at the end of 2025. However, with bitcoin experiencing an additional 23% decline year-to-date in 2026, the current worth of their combined holdings has fallen to just over $800 million as of Tuesday (assuming they haven’t made further purchases in 2026).

The information disclosed via 13F filings with the U.S. Securities and Exchange Commission highlights a growing institutional interest in spot bitcoin ETFs, even during challenging market conditions. BlackRock’s IBIT, which debuted in early 2024, has rapidly become the leading option for regulated exposure to bitcoin in the United States.

Despite ongoing challenges in the at the beginning of 2026—such as low volatility, diminished retail engagement, and macroeconomic uncertainty—some long-term investors appear to be taking advantage of the downturn to establish positions in regulated, liquid products associated with digital assets.

BlackRock’s head of digital assets, Robert Mitchnick, stated during a recent panel that there is a common misconception that hedge funds utilizing ETFs are responsible for driving volatility and significant sell-offs, but this does not align with the observations of the firm. Instead, he noted that IBIT holders are focused on long-term investment.