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Dubai:

Mubadala Investment Company, a sovereign wealth fund from Abu Dhabi, disclosed holdings of over 8.2 million shares in BlackRock’s iShares Bitcoin Trust (IBIT), valued at nearly $437 million.

The move is part of a broader trend where Gulf Oil nations are investing in Bitcoin, with Abu Dhabi emerging as a significant crypto hub.

Wisconsin:

The State of Wisconsin Investment Board (SWIB) now also has Bitcoin exposure thru IBIT worth $321.5 million.

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Daniel Belmer

Be careful with Solana purchase.....March 1st will be 23% release of tokens in the chain....I'm sure this will be significant in a weak market. I swapped to ETH over 60% of mine Sol bag. ETH will be interesting for institutions ectera the coming Year!

JobberWokker

Notice they buy the ETF and not the actual asset? What does that say?

JobberWokker

I think that narrative is overblown. If it does dip it’ll be a BTD opportunity IMO. Interesting side note, Raoul Pal is mostly out of SOL and in SUI.

Unrekt+

That they don't need self custody, because the gov't can't take it away since the gov't already owns it.