Abu Dhabi Sovereign Fund Acquires $460 Million in Bitcoin

Reported 4 days ago

Abu Dhabi's Mubadala Investment Company has disclosed a $460 million investment in Bitcoin, making it the seventh largest shareholder in BlackRock's Bitcoin ETF. This development may prompt other global wealth funds to increase their Bitcoin holdings, as suggested by industry experts. Meanwhile, in the U.S., discussions around a strategic Bitcoin reserve are gaining traction, although progress may be slow.

Source: YAHOO

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