Mubadala Investments and Al Warda Investments, which is connected to the Abu Dhabi Investment Council—itself a Mubadala company—collectively owned nearly 21 million shares of IBIT, the BlackRock spot Bitcoin ETF that provides direct exposure to crypto’s top asset.
Based on values from the time of report, Mubadala owned around $630 million in IBIT and Al Warda maintained a $408 million stake.
Meanwhile, Al Warda jumped from 7.96 million shares of IBIT to over 8.2 million shares, a gain of around 255,000 shares during the fourth quarter.
While their collective exposure was more than $1 billion at the close of the year, shares of IBIT have fallen 22.5% year-to-date amid Bitcoin’s slide, granting the two parties around $803 million in combined IBIT exposure based on its recent price of $38.44.
Bitcoin is down around 1% in the last 24 hours, recently changing hands at $67,718—about 46% off its October all-time high of $126,080.
