Abu Dhabi’s Mubadala Raises IBIT Holdings to 12.7M Shares in Q4 2025

Mubadala Investment Company increased its holdings in iShares Bitcoin Trust (IBIT) during the fourth quarter of 2025, adding nearly four million shares and bringing its total position to approximately 12.7 million shares, according to U.S. regulatory filings.

The purchases occurred between October and December 2025, a period during which bitcoin declined by roughly 23%. The disclosure was made through Form 13F filings with the U.S. Securities and Exchange Commission.

Al Warda Also Expands Position

Al Warda Investments, another Abu Dhabi-based investment firm managing diversified assets for government-related entities, reported holding 8.2 million IBIT shares at the end of Q4 2025, up from 7.96 million shares in the previous quarter.

Combined, Mubadala and Al Warda held more than $1 billion in exposure to bitcoin through IBIT at the end of 2025. With bitcoin declining a further 23% year-to-date in 2026, the current value of their combined holdings would be approximately $800 million, assuming no additional purchases have been made.

Institutional Allocation During Market Weakness

IBIT, launched in early 2024 by BlackRock, has become one of the largest U.S.-listed spot bitcoin exchange-traded funds, offering regulated exposure to bitcoin through traditional brokerage infrastructure.

The increased allocation by Abu Dhabi-linked entities during a period of market decline reflects continued institutional participation in spot bitcoin ETFs, even amid broader crypto market headwinds in early 2026, including subdued volatility and reduced retail trading activity.

Robert Mitchnick, Head of Digital Assets at BlackRock, stated in a recent panel discussion that ETF-driven hedge fund activity is not the primary source of market volatility, adding that IBIT’s investor base appears oriented toward longer-term positioning.

The filings highlight how sovereign and government-linked investment vehicles are engaging with regulated digital asset products as part of broader portfolio allocation strategies, rather than direct on-chain exposure.