Abu Dhabi Sovereign Investors Maintain $764M Bitcoin ETF Exposure Amid Crypto Decline

Two Abu Dhabi sovereign investors, Mubadala Investment Company and Abu Dhabi Investment Council, maintained their combined $764 million exposure to BlackRock’s iShares Bitcoin Trust ETF (IBIT) through the second quarter, despite Bitcoin’s steep annual decline. Regulatory filings show no reduction in their combined 22.94 million IBIT shares as of June 30.

Mubadala’s stake, valued at $490.1 million in June (down from $565.6 million in March), remained its second-largest reported holding. ADIC’s 8.218 million shares, worth $273.6 million, constituted over 33% of its $715 million portfolio.

Bitcoin traded near $62,900 on Friday, down 29% from the start of 2026 and roughly half from its October record. IBIT was down 27.6% this year through Aug. 13, with net assets at $47.35 billion.

The decision contrasts with institutions like Harvard University, which reduced its IBIT position by 43% in Q1. Onramp Bitcoin CEO Michael Tanguma suggested Abu Dhabi may also hold Bitcoin directly, which would not be disclosed in 13F filings.

Abu Dhabi is deepening its crypto presence through regulation (via Abu Dhabi Global Market), venture investments (e.g., MGX’s $2 billion in Binance), and infrastructure (Hub71’s $2 billion Web3 program). Mubadala Capital has also tokenized a private-market fund.

These initiatives reflect a strategic, long-term approach to digital assets, treating them as part of financial infrastructure rather than speculative trades.