Bitcoin Magazine reported that Bitcoin remains a major asset in two Abu Dhabi sovereign wealth funds, based on regulatory filings.

Mubadala Investment Company disclosed on Friday that it held a $490 million stake in BlackRock’s iShares Bitcoin Trust. That position was the second-largest single holding in Mubadala’s entire 13F portfolio — the quarterly disclosures that US institutional investment managers overseeing at least $100 million in qualifying assets must file with the Securities and Exchange Commission, listing their US-exchange-traded holdings.

A separate filing on Thursday from the Abu Dhabi Investment Council, another state-run fund, showed a $273.6 million position in the same Bitcoin exchange-traded fund. In that portfolio, the stake was the largest holding.

JUST IN: UAE sovereign wealth funds Mubadala and Abu Dhabi Investment Council report owning a combined $763.7 million of BlackRocks Bitcoin ETF pic.twitter.com/OOnptHhlTA — Bitcoin Magazine (@BitcoinMagazine) August 14, 2026

JUST IN: UAE sovereign wealth funds Mubadala and Abu Dhabi Investment Council report owning a combined $763.7 million of BlackRocks Bitcoin ETF pic.twitter.com/OOnptHhlTA

Both wealth funds’ Bitcoin positions were unchanged from the previous quarter; the next round of quarterly filings will show whether those allocations change.

Earlier this year, blockchain analytics firm Arkham Intelligence attributed approximately 6,782 Bitcoins — worth roughly $453.6 million at the time of its analysis — to wallets connected to Bitcoin mining activity linked to the UAE’s Royal Group.

The disclosures underscore a difference between the UAE’s Bitcoin holdings and those of other governments known to hold significant amounts of the asset. Countries such as the United States hold substantial Bitcoin reserves that largely came from law enforcement seizures.

By contrast, the UAE’s holdings appear to stem primarily from domestic mining activity rather than confiscated assets. The report also comes amid the UAE’s broader build-out of digital-asset regulation: Abu Dhabi’s international financial centre, ADGM, has regulated crypto-asset activities since 2018, and Dubai established the Virtual Assets Regulatory Authority in 2022 to oversee the sector.

Since the SEC approved a series of Bitcoin funds in January 2024, investors have been able to gain exposure to the asset through regulated exchange-traded products listed on stock exchanges.

BlackRock’s IBIT has been the most successful crypto ETF, attracting more cash than any other crypto ETF and reaching $47.3 billion in assets under management.

Pension funds and U.S. states have also used the ETFs to gain Bitcoin exposure, alongside more traditional allocations such as tech stocks and other U.S. equities.

This post Abu Dhabi Sovereign Wealth Funds Keep Big Bitcoin Positions first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.