Norway’s sovereign wealth fund saw a 153% year-over-year increase in indirect bitcoin exposure in 2024, according to K33 Research.
Norway's sovereign wealth fund had indirect exposure to more than $355 million worth of bitcoin as of end-2024.The wealth fund also has investments in bitcoin-related companies such as MicroStrategy and Coinbase.
The world’s largest sovereign wealth fund, Norway’s Norges Bank Investment Management , has amassed $356.7 million in indirect bitcoin ,NBIM, which invests revenue from Norway’s oil and gas resources and is officially known as the Government Pension Fund Global, reportedK33 analyst Vetle Lunde makes the point that NBIM's indirect bitcoin exposure is likely a result of sector-weighted portfolios. As crypto proxies appreciate in value, their portfolio weightings increase.
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