Bitcoin News Today: "Institutions Bet Bitcoin is New Gold as Market Tumbles"

Bitcoin Pullback Draws Big-Money Buyers as Bitwise CIO Calls Bottom

The recent plunge in Bitcoin's price has triggered a wave of institutional buying, with major players like Abu Dhabi's sovereign wealth funds and corporate entities such as KindlyMD doubling down on crypto assets amid the turmoil. The Abu Dhabi Investment Council (ADIC), a division of Mubadala Investment Co., more than tripled its stake in BlackRock's iShares Bitcoin Trust (IBIT) in Q3 2025, swelling its position to nearly 8 million shares valued at $518 million by September 30. This move, made just before Bitcoin's October peak and subsequent crash, underscores a strategic bet on Bitcoin as a long-term store of value akin to gold. ADIC's investment strategy highlights a long-term commitment to digital assets.

The market's sharp correction has seen Bitcoin fall below $90,000- a 29.2% drop from its intraday high of $126,272.76, sparking $3.1 billion in outflows from U.S. Bitcoin ETFs in November alone. IBIT, the largest of these funds, endured a record $523 million in redemptions after crossing a critical price threshold that left ETF investors in the red. Despite the volatility, ADIC and other institutional investors remain unfazed. "We view Bitcoin as a store of value similar to gold," an ADIC spokesperson said, emphasizing its role in portfolio diversification.

The buying spree extends beyond sovereign funds. KindlyMD merged with Nakamoto Holdings to build a Bitcoin-centric platform, raising $540 million in equity and convertible notes to bolster its treasury. The company now holds 5,398 Bitcoin, acquired at an average price of $118,204.88, while making strategic investments in European and Japanese crypto firms. Meanwhile, Harvard Management Co. also added to its IBIT holdings during the third quarter, signaling growing institutional confidence.

The bear market has intensified debates over regulatory risks and macroeconomic pressures. Bob Savage noted that concerns over potential U.S. regulatory shifts under a potential Democratic administration have dampened investor sentiment. Geopolitical tensions and Fed policy uncertainty further weigh on the market, with Bitcoin's decline accelerating after October's rate-cut jitters and November's Democratic electoral gains.

Analysts, however, see opportunities in the selloff. Alain Carrier brings experience from Canada's pension fund and Bregal Investments, highlighting the fund's focus on global private assets and North American markets. Similarly, El Salvador added $100 million to its Bitcoin reserves this week, while the Czech central bank made its first crypto purchase.

Technical indicators suggest a potential rebound. Ethereum may find support between $2,800 and $3,100 as leveraged positions unwind. For Bitcoin, analysts like Bob Savage caution that the market's short-term pain could pave the way for a 2026 recovery, provided macroeconomic conditions stabilize.