Abu Dhabi Investment Tripled IBIT Holdings in Q3 as Bitcoin Headed to Record High

Al Warda Investments, an investment vehicle overseen by the Abu Dhabi Investment Council (ADIC), more than tripled its holdings of BlackRock's iShares Bitcoin Trust ETF (IBIT) in the third quarter as bitcoin (BTC) headed toward October's record high. The 230% increase took its investment to just under 8 million shares valued at $517.6 million, the firm said in a filing with the U.S. Securities and Exchange Commission. The Abu Dhabi Investment Council is a subsidiary of Mubadala Investment Co., one of the ...