Abu Dhabi Wealth Fund Buy $437 Millions Worth Of Bitcoin!!!!

Mubadala Investment Company, the sovereign wealth fund that manages investments for the Abu Dhabi’s government, signaled on Friday that it started stockpiling Bitcoin last year.

During the fourth quarter of last year, Mubadala scooped up $436 million worth of BlackRock’s spot Bitcoin ETF, according to a quarterly report disclosing U.S. equity ownership filed with the Securities and Exchange Commission.