The Abu Dhabi Investment Council (ADIC) significantly expanded its Bitcoin holdings in the third quarter of 2025, more than tripling its stake in BlackRock's iShares Bitcoin Trust (IBIT). This strategic move, increasing its position to nearly 8 million shares valued at approximately $518 million, occurred just weeks before a notable downturn in the cryptocurrency market. ADIC views this allocation as a long-term diversification strategy, likening Bitcoin to a digital counterpart of gold.