Bloomberg: Abu Dhabi Completes $520 Million Bitcoin Allocation On a live Bloomberg TV broadcast, the host and analysts revealed that the Abu Dhabi Investment Authority has allocated approximately $520 million worth of Bitcoin assets. While reviewing its accumulation strategy, the program noted that the institution had been steadily increasing its holdings for weeks or even months before the sell-off occurred, with its overall position size at one point expanding to more than triple its original amount. Analysts believe this move is not a short-term trading strategy but rather part of its overall investment portfolio. The program further mentioned that Abu Dhabi has been actively promoting asset diversification in recent years and views Bitcoin as a "digital gold"-style long-term allocation tool. From a broader perspective, the entry of the Abu Dhabi Investment Authority is also seen as a significant signal of Middle Eastern sovereign capital participating in crypto assets. Bloomberg pointed out that in the context of temporary fluctuations in Bitcoin ETFs and weakening market sentiment, allocation actions from long-term capital provide the market with additional credibility and structural support.