When Bitcoin prices fell sharply late last year, Abu Dhabi’s biggest government-backed investors bought more, unlike most others. Two major Abu Dhabi investment firms ended 2025 with a combined purchase of over $1 billion in bitcoins, channeled through BlackRock’s widely followed bitcoin fund.
Mubadala Investment Company, a government-owned investment giant from Abu Dhabi, increased its holdings in BlackRock’s bitcoin fund—ticker IBIT—by 46%, finishing the year with 12.7 million shares worth around $631 million. The fund started offering Bitcoin-based trading options in late 2024 and has been adding to that position ever since. Al Warda Investments, another Abu Dhabi firm with close ties to the government, closed the quarter with 8.2 million shares, valued at approximately $408 million—a modest increase from three months prior.
Buying When Others Were Walking Away
Neither fund blinked as bitcoin shed nearly a quarter of its value in the last three months of 2025. That confidence has come at a cost—with Bitcoin down another 23% so far in 2026, their combined holdings have fallen in value to just over $800 million.
The investments were disclosed through routine filings with U.S. financial regulators, and they point to something broader: large government-backed money is increasingly finding its way into Bitcoin, even during rough patches. BlackRock’s IBIT, up and running since early 2024, now sits at nearly $58 billion in assets—making it the biggest fund of its kind anywhere in the world.
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