Mubadala investment, one of the sovereign wealth funds in Abu Dhabi (SWFS), It has been purchased $ 436 million in Blackrock’s ISHARES Bitcoin Trust ETF (IBIT).
Bitcoin price has increased for nearly 98,000 dollars on the news, reaching the highest level during the day 97772 dollars, according to CONINECKO data.
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Anthony Pompoylist Bitcoin believes that the purchase will preach good for the strategic reserve initiative in the United States
“The sovereign wealth fund in Abu Dhabi has just revealed that they are buying hundreds of millions of dollars from bitcoin and people still believe that the United States will not buy Bitcoin. Bitcoin strategic reserves happen,” Boxbrano said on social media.
