Abu Dhabi’s Al Warda Investments significantly increased its stake in BlackRock’s iShares Bitcoin Trust (IBIT) to over 8.2 million shares in Q4 2025. This follows a major accumulation in the previous quarter and coincides with new institutional allocations from Goldman Sachs, the state of Texas, and Harvard University, which adjusted its portfolio to hold over $350 million in combined Bitcoin and Ethereum assets.
Al Warda Investments, under the Abu Dhabi Investment Council, has continued to increase its holdings in Bitcoin via BlackRock‘s iShares Bitcoin Trust. According to a filing, the firm held 8,218,712 shares of IBIT as of December 31, 2025. This marks another increase after the company more than tripled its holdings in the third quarter.
The ADIC has expressed confidence in Bitcoin as a long-term reliable asset. This allocation occurred during a volatile quarter where Bitcoin traded near $126,000 before falling below $90,000.
Other major institutions also expanded their crypto allocations in recent filings. Goldman Sachs reported total crypto holdings of $2.36 billion, including $1.1 billion in IBIT shares. The bank’s filing also included holdings in Fidelity’s Bitcoin fund and assets related to Ethereum, XRP, and Solana.
Public entities like the state of Texas also participated, having purchased $5 million in IBIT shares for its Strategic Reserve in November. Universities are engaging as well, with Harvard reducing its Bitcoin allocation by 21% in Q4 2025. The institution held $265.8 million in IBIT and added $86.8 million in BlackRock’s Ethereum trust, bringing its total disclosed crypto exposure to $352.6 million.
