Abu Dhabi bought the Bitcoin dip

Abu Dhabi's sovereign wealth fund @Mubadala Investment Company has raised its position in BlackRock's iShares Bitcoin Trust (IBIT), reporting ownership of 14,721,917 shares valued at $565,616,051 as of March 31, 2026, according to a 13F filing. That marks a 16% increase from the 12,702,323 shares the fund held at the end of Q4 2025. The share count rose even as the dollar value fell, a sign the fund was adding to its position while $BTC traded at lower prices during the quarter.

Six Consecutive Quarters of Accumulation

The disclosure extends a now-unbroken accumulation streak that began in Q4 2024, when Mubadala first disclosed bitcoin exposure worth at least $436 million. The fund added shares through a Q1 2025 filing that showed 8,726,972 shares at $408.5 million, then surged to 12.7 million shares worth $630.6 million by December 31, 2025, a 46% jump in a single quarter.

Mubadala manages a global portfolio exceeding $330 billion in assets across technology, healthcare, infrastructure, private equity, and public markets, with its mandate centered on generating returns for the Abu Dhabi government while reducing the emirate's dependence on oil revenues. Bitcoin, accessed through the regulated IBIT structure, has become one of the fund's most visible public market positions. As of Q4 2024, IBIT was already Mubadala's second-largest holding by a wide margin, trailing only a longer-term stake in Arm Holdings.

Abu Dhabi's Combined Bitcoin Exposure Tops $1 Billion

Al Warda Investments, an entity tied to the Abu Dhabi Investment Council, itself operating under the Mubadala umbrella, has also been building an IBIT position, reporting 8.2 million shares worth approximately $408 million at year-end 2025. Together, the two funds held more than $1 billion worth of bitcoin via IBIT at the end of 2025.

Al Warda operates under the Abu Dhabi Investment Council (ADIC), part of Mubadala Investment Co. The council has rarely taken public positions in listed digital assets, typically favoring private market investments such as buyouts, infrastructure, and real estate. Its growing allocation through a U.S.-listed bitcoin ETF signals a shift in institutional positioning within the Gulf.

Mubadala's exposure sits inside BlackRock's listed ETF rather than direct self-custody, an offshore fund, or a private trust. That makes IBIT part of the institutional plumbing for sovereign, pension, hedge-fund, and wealth-management allocations. The ETF wrapper gives large investors familiar custody, brokerage, reporting, and compliance rails. With six consecutive quarters of buying and Abu Dhabi's combined IBIT stake now among the largest sovereign positions in any U.S.-listed bitcoin product, the direction of travel from the Gulf appears clear.

Sources
Bitcoin Magazine: Abu Dhabi's Mubadala Raises Bitcoin ETF Stake 16% To $566 Million In Q1 2026
CoinDesk: Abu Dhabi Funds Bought the Bitcoin Dip as They Increased Exposure to BlackRock's IBIT
The Block: Abu Dhabi Funds Held Over $1 Billion of BlackRock's Bitcoin ETF at End of Last Year