Bitcoin Making Abu Dhabi The Wealth Fund in Abu Dhabi reveals massive BTC Holdings

Mubadala investments, one of the sovereign resources of Abu Dhabi (SFS), has procured $ 436 million worth Blackrock’s shares ishares Bitcoin Trust ETF (IBIT).

The price of Bitcoina briefly spished to almost $ 98,000 on the news, reaching intradai high of $ 97,772, according to Coingecko data.

Related

Former General Manager Bynance Changpeng Zhao had default If the other SVFS-in Abu Dhabi could follow the suit.

Global implications

Bitcoin Evangelist Anthony is relieved to believe that the purchase will well-bodi for the initiative of strategic reserves in the US

“Abu Dhabi’s sovereign wealth fund has only been discovered to buy hundreds of millions of dollars in Bitcoin, and people still think that the United States will not buy Bitcoin.” The strategic reserve of Bitcoin is happening, “said Social Media Reserve.