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Abu Dhabi’s $764M Bitcoin Bet Holds Firm Through Market Pain

Two of Abu Dhabi’s biggest sovereign investment vehicles sat through a roughly $118 million hit to their Blackrock spot bitcoin exchange-traded fund (ETF) positions in the second quarter and did not cut a single net shar...

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Abu Dhabi’s $764M Bitcoin Bet Holds Firm Through Market Pain
Two of Abu Dhabi’s biggest sovereign investment vehicles sat through a roughly $118 million hit to their Blackrock spot bitcoin exchange-traded fund (ETF) positions in the second quarter and did not cut a single net share, leaving nearly $764 million riding on IBIT when June ended. Mubadala Investment Company and the Abu Dhabi Investment Council, […]

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Bitcoin is showing up inside the Institutional Adoption theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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