The ownership interest was held via Mubadala Investments, one of the country's sovereign wealth funds
Updated Feb 14, 2025, 5:43 p.m. UTCPublished Feb 14, 2025, 5:09 p.m. UTC
What to know:
The Middle Eastern city of Abu Dhabi on Friday disclosed a $436.9 million stake in BlackRock's iShares Bitcoin ETF (IBIT) as of Dec. 31, 2024.
The stake was held via Mubadala Investments, one of the country's sovereign wealth funds, per a 13F filing with the U.S. Securities and Exchange Commission.
The price of bitcoin (BTC) has rallied about 0.5% on the news to $97,400.
