Share this article
Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025
Both Mubadala Investment Company and Al Warda Investments lifted investments in BlackRock's iShares Bitcoin ETF (IBIT) in the fourth quarter.
Updated Feb 17, 2026, 10:24 p.m. Published Feb 17, 2026, 10:01 p.m.
Make us preferred on Google
What to know:
- Two major Abu Dhabi investment firms, Mubadala Investment Company and Al Warda Investments, increased their holdings of BlackRock’s iShares Bitcoin Trust (IBIT) in the fourth quarter of 2025 as bitcoin’s price fell.
- Mubadala lifted its IBIT stake to 12.7 million shares and Al Warda to 8.2 million shares.
- Together, they held a combined position that exceeded $1 billion at the end of 2025 but has since declined to just over $800 million amid further bitcoin losses in 2026.
Two of Abu Dhabi’s major investment firms increased their exposure to bitcoin in the fourth quarter of 2025, buying into BlackRock’s spot bitcoin ETF as the market fell, according to recent regulatory filings.
Mubadala Investment Company, a sovereign wealth fund backed by the Abu Dhabi government, added nearly four million shares of BlackRock’s iShares Bitcoin Trust (IBIT) between October and December, bringing its total holdings to 12.7 million shares. The move came as bitcoin fell roughly 23% during the quarter.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Mubadala made its first purchases in IBIT in late 2024 and has been adding since.
Al Warda Investments, another Abu Dhabi-based investment management firm that oversees diversified global assets on behalf of government-related entities, held 8.2 million shares at the end of the fourth quarter, up slightly from 7.96 million shares three months earlier.
Together, the two funds held more than $1 billion worth of bitcoin via IBIT at the end of 2025. However, with bitcoin down another 23% year-to-date in 2026, the current value of their combined holdings has dropped to just over $800 million as of Tuesday (assuming they haven't continued adding in 2026).
The disclosure, made through 13F filings with the U.S. Securities and Exchange Commission, reflects growing institutional interest in spot bitcoin ETFs, even during periods of market stress. BlackRock’s IBIT, which launched in early 2024, has quickly become the dominant vehicle for regulated exposure to bitcoin in the U.S.
While the crypto market has faced ongoing headwinds in early 2026 — including low volatility, reduced retail participation, and macroeconomic uncertainty — some long-term investors appear to be using the downturn to build positions in regulated, liquid products tied to digital assets.
BlackRock head of digital assets, Robert Mitchnick, said on a recent panel that there is a mistaken belief that hedge funds using ETFs are driving volatility and heavy selling, but that does not match what the firm is observing. Instead, he said, IBIT holders are in it for the long term.
More For You
More For You
Crypto infrastructure firm BitGo a potential acquisition target for Wall Street firms, analysts say
Compass Point and Canaccord call BitGo a potential acquisition target and defend the stock despite its weak debut, citing growth in institutional crypto infrastructure.
What to know:
- Wall Street analysts say BitGo’s expansion into full-service institutional crypto finance could drive long-term growth and make it an attractive acquisition target for traditional financial firms.
- Analysts argue that investors are overlooking BitGo’s potential to cross-sell prime brokerage-style services, which could significantly boost revenue if it can narrow the gap with rivals like Galaxy and Coinbase.
- Despite BitGo’s stock falling more than 40% since its January IPO, some analysts view the selloff as an overreaction and maintain buy ratings, citing the company’s solid competitive moat and strategic value to big banks entering crypto.
