Abu Dhabi’s $764M Bitcoin Bet Holds Firm Through Market Pain

Two of Abu Dhabi’s biggest sovereign investment vehicles sat through a roughly $118 million hit to their Blackrock spot bitcoin exchange-traded fund (ETF) positions in the second quarter and did not cut a single net share, leaving nearly $764 million riding on IBIT when June ended.

Mubadala Investment Company and the Abu Dhabi Investment Council, […]