- Analysts believe that Abu Dhabi has more Bitcoin than what has been reported earlier
- Other experts have called on the United States to include BTC in its sovereign wealth fund
The sovereign power fund of Abu Dhabi, Mubadala Investments, is now the 7th largest holder of BlackRock Bitcoin ETF, IBIT, with an investment of $ 461 million in Q4 2024.
Because it is one of the emirates of the VAE, this news has intensified the first speculation That Abu Dhabi may have no less than $ 40 billion in Bitcoin Holdings.
Source: Bloomberg
Bloomberg ETF analyst James Seyffart commented on this update, Bloomberg ETF noted”
“The rumors were not just rumors!”
Interestingly, the VAE has never officially shared or informed its BTC stock. According to Binance founder CZ, the reported $ 461 million BTC ownership can only be the tip of the iceberg for only AD. He stated“
“This report is only from one of the sovereign wealth funds (Mubadala) in AD. There are a few other SWFs in Ad. “
Will the US follow the model of the VAE?
According to David Bailey, CEO of Bitcoin Magazine, Abu Dhabi has more companies than mentioned and other members of the Gulf Cooperation Council (GCC) are now jumping on the trend. He stated”
“Abu Dhabi has gone much bigger than submitting today. There are a few other GCC members who also make movements. I hoped that this would be announced at Bitcoinmena, but they were not ready. “
The update has increased the calls for the US to set up or include a National BTC reserve in the recently announced Sovereign Wealth Fund (SWF) by President Trump.
Bailey too speculated That President Trump’s Trade Secretary -Pick, Howard Lutnick, could follow the steps of the VAE and take BTC in the SWF of the United States.
Source: X
A similar phone call was made by the Bitcoin Policy Institute, an interest group for the cryptocurrency. Part of the group’s report read”
“The US could already use the ~ 200,000 BTC in the US federal custody of the seizure of law enforcement to assign these companies as seed capital for the SWF without requiring a new taxpayer.”
However, it is worth pointing out that such a movement is still being ended enormously by the market, with the latest opportunities of polymarket. At the time of writing, the prediction site was in fact the possibility of only 14% in the summer of 2025.
That said, despite the bullish updates and apparent ‘nation-state’ movements on Bitcoin, the cryptocurrency remained filled in during the press. It has now struggled under $ 100k for ten days, with the crypto with a value of $ 97k or 12% of his ATH on the press.