Key Takeaways
- Mubadala raised its IBIT stake 16% to 14.7 million shares ($566M) in Q1 2026, per SEC disclosures.
- The Abu Dhabi fund has added to its bitcoin ETF place each quarter since This fall 2024, beginning at $436M.
- Mixed Abu Dhabi sovereign holdings in Blackrock’s IBIT exceeded $1 billion as of late 2025.
Quarter by Quarter
Mubadala’s bitcoin ETF publicity has grown in each reporting interval because it first appeared in disclosures. The fund entered in This fall 2024 with a place value roughly $436 million, scaled again in portfolio worth phrases to $408.5 million in Q1 2025 as bitcoin costs adjusted, then surged to $630.6 million by December 31, 2025, as bitcoin crossed $100,000.
The Q1 2026 determine of $566 million displays a continued improve in shares held (up 16%) even because the greenback worth dipped barely from This fall 2025 ranges. That divergence is defined by bitcoin’s value, provided that the fund held extra shares on the finish of Q1 2026 than it did three months prior, however these shares have been value much less in greenback phrases on account of a bitcoin value decline from its late-2025 highs.
Broader Abu Dhabi Image
Mubadala will not be the one Abu Dhabi sovereign automobile accumulating bitcoin ETF publicity. Al Warda Investments, an entity affiliated with the Abu Dhabi Funding Council, individually reported 8.2 million IBIT shares value roughly $408 million (as of This fall 2025).
As Bitcoin.com Information reported, the mixed IBIT holdings of Abu Dhabi-linked sovereign entities crossed $1 billion by the top of final yr, a threshold that underlines the emirate’s systematic method to bitcoin as a reserve asset.
The Abu Dhabi Funding Council had additionally considerably expanded its personal direct place, tripling its IBIT holdings in Q3 2025 alone, one of many largest single-quarter expansions recorded amongst sovereign patrons of the ETF.
Sovereign wealth fund allocations to bitcoin ETFs carry weight past the greenback figures as a result of when a government-backed establishment of Mubadala’s scale provides to a place each quarter for 5 consecutive intervals, it not directly implies long-term strategic conviction.
Blackrock’s IBIT stays the most important spot bitcoin ETF on the planet by property underneath administration, holding over 600,000 BTC as of April 2026 (thrice the quantity held by second-place Constancy). Sovereign patrons, together with Mubadala and Norway’s Norges Financial institution, have all appeared in current 13-F disclosures as IBIT holders, reinforcing the ETF’s function because the institutional entry level of alternative for nation-state-level bitcoin publicity.
