Mubadala, the sovereign Wealth Fund by Abu Dhabi, has revealed a share of $ 408.5 million in the Ishares Bitcoin Trust (Ibit), according to a 13F deposit published today. The Fund reported that it holds 8,726,972 shares on 31 March 2025, with an increase compared to 8,235,533 shares reported at the end of 2024.
This great move from Mubadala adds fuel to the fire for the Etf Bitcoin Spot US, which have raked serious inflows in May. Seeing collective total affluses of $ 674.9 million on May 2, $ 425.45 million on May 5 and $ 334.58 million on May 9 and counting, including a influx of $ 319.12 million yesterday. Ibit, Etf Bitcoin by Blackrock, continues to stand out as a better choice for institutional investors, taking only 232.46 million dollars.
Mubadala’s greatest exhibition coincides with high -level discussions between the leaders of the United States’s encryption policy and the United Arab Emirates. The recently appointed artificial intelligence Trump and the Tsar Cripto David Sacks met Emirates officials at the beginning of this year on March 20 to explore the future of digital currencies and artificial intelligence.
“I explored with David Sacks, the special consultant of Ai and Crypto, the transformative effects of artificial intelligence in various sectors, the expanding role of digital currencies in remodeling financial systems and the investment opportunities that emerge in their convergence,” said Tahnoon bin Zayed al Nahyan. “As technological progress accelerates, promoting the collaboration and adoption of far -sighted strategies remain essential pillars to guide sustainable growth and obtain a long -term impact.”
The United Arab Emirates have seen a significant increase in the adoption of Bitcoin in the last year, including hosting the Bitcoin Mena conference in Abu Dhabi, which has attracted big names such as Eric Trump to deliver passionate observations on Bitcoin. Trump claimed that the hesitation to embrace change is not new. He shared a story about a friend who fired Bitcoin just to see his bank adopt shortly after.
“People are as slow like hell to adapt to new technology,” said Eric Trump. “We will see that the banks must adapt. Governments will adapt. Those who embrace this digital revolution will soon be the ones who win.”
Trump has called Bitcoin a “global resource” that protects from uncertainty and interruptions, highlighting its decentralized system as a better alternative to the expensive inefficiencies of traditional finance.
“Bitcoin is a value shop,” added Eric Trump. “It is a hedge against inflation. It is a coverage against political turbulence, political instability, acts of God, hurricanes, fires, floods, tornadoes. This is what makes it so powerful.”
“I am confident that Bitcoin will reach $ 1 million,” he said.