Mubadala Investment Company and Abu Dhabi Investment Council collectively hold approximately $764 million worth of BlackRock's iShares Bitcoin Trust ETF, maintaining their positions through Q2 despite Bitcoin's 47% decline.
South Korea plans to inject 20 trillion won ($13.9 billion) into its sovereign wealth fund for strategic investments in AI, data centers and infrastructure, marking the first time the fund's mandate will include domestic assets following a technology stock rout.
Sam Altman is meeting with White House officials and Sen. Bernie Sanders on Wednesday to discuss AI policy following President Trump's new executive order, including Sanders' proposal to take half the equity of AI frontier labs to fund a US sovereign wealth fund.
