Abu Dhabi Investment Authority Q3 BlackRock IBIT holding value exceeds 500 million USD

According to Bloomberg, the Abu Dhabi Investment Authority (ADIC) significantly increased its Bitcoin ETF holdings in the third quarter—raising its stake in BlackRock's IBIT to nearly 8 million shares, tripling from the previous quarter, with a value of approximately $518 million based on the quarter-end price. ADIC stated that it is establishing a "small but long-term allocation," viewing Bitcoin as a store of value similar to gold, and will continue to hold it in its long-term portfolio.

Meanwhile, the Abu Dhabi sovereign fund Mubadala maintained its position of 8.7 million shares of IBIT.