UAE-based Mubadala Investment Company and the Abu Dhabi Investment Council also retained their combined 22.9 million IBIT shares.

UBS has tripled its iShares Bitcoin Trust stake to $90M and 2.5M shares, joining 1,560 institutions holding over $27B in IBIT collectively.

UBS increased Blackrock’s IBIT holdings to about $90 million, highlighting cautious institutional bitcoin demand.