Abu Dhabi’s Sovereign Wealth Funds Buy The Bitcoin Dip
Two Abu Dhabi-linked funding autos disclosed sizeable additions to BlackRock’s iShares Bitcoin Trust (IBIT) in new US filings, signaling that at the very least a part of the area’s sovereign capital used the late-2025 drawdown to scale regulated Bitcoin publicity moderately than step away.
Abu Dhabi Wealth Funds Add Bitcoin On The Dip
Mubadala Investment Company reported proudly owning 12,702,323 shares of IBIT price $630,670,337 as of Dec. 31, 2025, based on its newest Form 13F info desk filed on Feb. 17. That’s a pointy step up from the 8,726,972 IBIT shares it disclosed in its prior quarter submitting, which valued the place at $567,253,180 on the time of that report, a 46% enhance in share rely quarter-over-quarter.
A separate Feb. 17 submitting reveals Al Warda Investments reported 8,218,712 shares of IBIT valued at $408,059,051 as of Dec. 31. Combined, the 2 filings put Abu Dhabi-linked publicity via IBIT at just below 21 million shares at year-end, effectively over $1 billion.
The setup issues as a result of IBIT has turn into the cleanest “institutional plumbing” for BTC publicity in US markets: quarterly 13F tables don’t present when a fund purchased, solely what it held at quarter-end, however they do present who’s snug sporting the publicity on a regulated wrapper and who remains to be scaling it.
The timing additionally traces up with the best way BlackRock CEO Larry Fink has been describing sovereign participation in Bitcoin extra broadly. Speaking on the New York Times’ DealBook Summit in December, Fink framed the shopping for as methodical moderately than momentum-driven: “There are a variety of sovereign funds which might be standing by. They’re including incrementally at $120,000, at $100,000. I do know they purchased extra at $80,000.”
That quote is doing plenty of work within the present market narrative, as a result of it suggests sovereign demand isn’t only a headline occasion, it’s a laddered allocation course of that may maintain exhibiting up throughout stress, even when the general public solely sees it later via filings.
There’s additionally a refined however vital distinction in what the filings suggest concerning the course of. These will not be disclosures of direct BTC custody. They’re disclosures of ETF shares, held alongside conventional equities and different liquid devices inside an ordinary reporting framework. In follow, that selection compresses operational friction: custody, execution rails, and governance overhead into a well-known bundle, which will be decisive for big allocators that transfer slowly however transfer dimension.
At press time, Bitcoin traded at $68,246.