PANews reported on May 16 that according to Bitcoin Magazine, the latest 13F filing of Mubadala, Abu Dhabi's sovereign wealth fund, shows that its holdings of BlackRock's spot Bitcoin ETF (IBIT) have increased to 8.727 million shares, with a market value of $408.5 million, a 6% increase from its position at the end of 2024. This investment coincides with high-level interactions between US and UAE crypto policies. David Sacks, an AI and crypto advisor specially appointed by President Trump, discussed the opportunities for digital currency and artificial intelligence integration with UAE officials on March 20.
