Wisconsin doubled his bitcoin exposure in three months, while Abu Dhabi’s sovereign wealth fund publicly revealed the purchase of bitcoin.
The State of Wisconsin Investment Board acquired 3.1 million shares in addition to the Blackrock’s Ishares Bitcoin (BTC) Trust in Q4 2024, according to the 13F filing with the Securities and Exchange Commission.
Last year, Wisconsin Bitcoin became the first sovereign fund to be exposed to ETF. Initially, the board bought around 95,000 Ibit shares and also invested in Grassscale Bitcoin ETF. By August, Wisconsin had raised its stake to about 2.9 million shares. As the latest filing, its total bitcoin ETF assets had approximately $ 588 million, with BTC trading below $ 99,000.
Bitcoin ETF protection in Abu Dhabi
Across the boundaries in the Middle East, another government -backed institutional investor allocated funds to present the BTC ETF.
Secdger records Show off Abu Dhabi Sovereign Wealth Fund, known as the Mubadala Investment Company, acquired Blackrock IBIT stocks worth an estimated $ 436.9 million until 31 December. Mubadala oversees major investments for Abu Dhabi, the capital of the United Arab Emirates.
The filing suggests that Mubadala bought Bitcoin ETF shares of Abu Dhabi around November, in which licensed from local regulators to offer crypto services with Blackrock.
Spending about half a billion dollars on bitcoin exposure is an important step for the government of Abu Dhabi. However, the UAE capital has earlier invested in BTC mining, which in 2023 has attracted major firms such as Marathon Digital to support its local mining industry.
