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📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
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Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
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Abu Dhabi government fund increases Bitcoin ETF holdings, surpassing 75 billion yen.
The Abu Dhabi government-owned fund "Mubadala Investment Company" has revealed in its 13F report to the U.S. Securities and Exchange Commission (SEC) that it added 491,439 shares (approximately 4.2 billion yen) of BlackRock's Bitcoin ETF (IBIT) in the first quarter (January to March). As a result, the company's holdings increased from the previous 8,235,533 shares to 8,726,972 shares, with a current value of approximately 512 million dollars (around 75 billion yen).
Since its listing in January 2024, IBIT has recorded over $45.5 billion in net inflows, with assets under management reaching $65.7 billion, maintaining a dominant share in the U.S. Bitcoin spot ETF market.
The Hong Kong-based investment company Avenir held 14.7 million shares of IBIT as of the end of March, becoming the largest holder of Bitcoin ETF in Asia, while the Wisconsin Investment Board reported that it had sold all of its IBIT holdings worth approximately $321 million. Currently, the largest holder of IBIT is Goldman Sachs, which held about $1.4 billion worth of 30.83 million shares as of the end of March.
MacroScope, an institutional investor analyst, explained on X on the 16th that "institutional investors and individuals sell for various reasons (rebalancing, liquidity needs, simple profit-taking, etc.)" and pointed out that "the initial purchase in Wisconsin (Q2 2024) was significant in showing that Bitcoin is an acceptable investment for pension funds with strict investment criteria." He also clarified that the state continues to hold and increase its holdings in Bitcoin-related stocks such as MicroStrategy and Coinbase.
Moreover, it has become clear that other institutional investors such as the prestigious Brown University and Michigan have also purchased and are holding Bitcoin ETFs in the previous quarter.
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