Norway’s Sovereign Wealth Fund Sees 192% Increase in Indirect Bitcoin Exposure Through Crypto Investments

  • Norway’s fund now holds over $1.2 billion in Strategy’s stock, a 133% increase from 2024.

  • The fund’s Coinbase holdings have surged by over 96% since 2024.

  • Global sovereign wealth funds are increasingly gaining indirect exposure to Bitcoin through investment vehicles.

Norway’s sovereign wealth fund has significantly increased its Bitcoin exposure, reflecting a growing trend among state funds to invest in cryptocurrencies. Learn more about this shift.

What is Norway’s Sovereign Wealth Fund’s Bitcoin Exposure?

Norway’s sovereign wealth fund, the largest in the world, has increased its indirect Bitcoin exposure by 192% over the last year. This exposure, equivalent to 7,161 BTC, comes through investments in companies like Strategy and Coinbase.

How Are Sovereign Wealth Funds Investing in Bitcoin?

Sovereign wealth and state pension funds often face legal mandates that restrict them to specific asset classes. To invest in Bitcoin, they typically gain indirect exposure through vehicles like exchange-traded funds (ETFs) or corporate proxies. For instance, the State of Wisconsin State Investment Board disclosed a $164 million investment in BTC ETFs, which nearly doubled to over $321 million.

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Norway’s sovereign wealth fund has indirect Bitcoin holdings valued at approximately $1.2 billion, reflecting its strategic investments in crypto companies.

Sovereign wealth funds are investing in Bitcoin to diversify their portfolios and gain exposure to the growing cryptocurrency market, often through indirect means.

Norway’s sovereign wealth fund’s substantial increase in Bitcoin exposure highlights a significant trend among global sovereign wealth funds. As these funds adapt to the evolving financial landscape, their strategies may increasingly incorporate cryptocurrencies, paving the way for broader acceptance and integration of Bitcoin into traditional finance.

Source: https://en.coinotag.com/norways-sovereign-wealth-fund-sees-192-increase-in-indirect-bitcoin-exposure-through-crypto-investments/