Overview
- An ADIC vehicle, Al Warda Investments, boosted its iShares Bitcoin Trust holdings by about 230% in Q3 to just under 8 million shares worth roughly $517.6–$518 million as of Sept. 30, according to SEC filings.
- A spokesperson told Bloomberg the allocation places bitcoin alongside gold in the portfolio and is intended to be held as part of a long-term plan.
- The accumulation preceded bitcoin’s early-October record near $126,000 and a roughly 30% pullback in November, during which IBIT saw a record single-day redemption of about $523 million.
- Flow pressures showed signs of easing on Nov. 20, when IBIT recorded its first net inflow since Nov. 11 after a stretch of heavy redemptions.
- Mubadala separately held about 8.7 million IBIT shares at quarter end, bringing Abu Dhabi-linked exposure to roughly 16.7–16.96 million shares (about $1.085 billion at Q3 prices), while other institutions such as Harvard’s endowment disclosed sizable IBIT stakes.