- Mubadala Investment Company increased IBIT holdings 46% to 12,702,323 shares valued at $631 million.
- Al Warda Investments held 8,218,712 shares worth $408 million.
- Combined exposure topped $1.039 billion at December 31, 2025, during Bitcoin’s 23% Q4 drop.
- Current estimated value: just over $800 million following additional 23% BTC decline in early 2026.
- Reflects sustained long-term institutional interest in regulated spot Bitcoin ETFs.
Two prominent Abu Dhabi-based investment entities significantly expanded their positions in BlackRock’s leading spot Bitcoin exchange-traded fund during the final quarter of 2025, pushing their combined holdings above the $1 billion threshold.
According to The Block, Mubadala Investment Company — Abu Dhabi’s primary sovereign wealth fund — reported owning 12,702,323 shares of the iShares Bitcoin Trust (IBIT) as of December 31, valued at roughly $631 million. This marks a 46% increase in share count from the prior quarter, with the fund adding nearly 4 million shares while Bitcoin experienced a roughly 23% decline during the period.
Separately, Al Warda Investments, an Abu Dhabi government-affiliated entity managing diversified assets, disclosed 8,218,712 shares valued at approximately $408 million, up slightly from 7.96 million shares three months earlier. Together, the two funds controlled more than 20.9 million shares, equating to over $1.039 billion in Bitcoin exposure through the ETF at year-end.
The disclosures stem from standard 13F filings submitted to the U.S. Securities and Exchange Commission by investment managers overseeing at least $100 million in assets. BlackRock’s IBIT, the largest spot Bitcoin ETF, provides direct, regulated access to the cryptocurrency’s price performance.
While the holdings have since depreciated to an estimated just over $800 million as of February 17, 2026, amid further Bitcoin losses of about 23% year-to-date, the accumulation during the downturn underscores a strategic, long-term approach by these institutional players. BlackRock’s head of digital assets, Robert Mitchnick, has pointed out that perceptions of hedge funds driving volatility through ETFs do not align with observed behavior, noting that many IBIT holders are positioned for the longer term.
This development adds to the narrative of maturing institutional adoption of Bitcoin, even as the asset class remains subject to significant price swings and regulatory considerations. 13F filings offer only a delayed view of portfolios and do not capture intra-quarter trading or other asset classes.
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