Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, has positions in MicroStrategy, Square, Tesla, MARA Holdings, Riot Platforms and Coinbase.
Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has accumulated a sizable exposure to Bitcoin (BTC ) through indirect investments in a diversified portfolio of cryptocurrency-friendly companies.
According to K33 Research, NBIM’s indirect exposure to the digital asset grew to 3,821 BTC, or $356 million, at the end of 2024, reflecting a yearly gain of 153%.
Norway’s sovereign wealth fund saw its indirect exposure to Bitcoin grow by 1,375 BTC between June and December 2024. Source: Vetle Lunde
Read more,# Norway’s Wealth Fund Goes Wild for Bitcoin
## Key Points
– Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), is channeling its inner crypto enthusiast.
– The fund is significantly invested in companies like MicroStrategy, Square, Tesla, MARA Holdings, Riot Platforms, and Coinbase, giving it a sneaky backdoor into Bitcoin.
– Their indirect holdings in Bitcoin have ballooned to 3,821 BTC (worth $356 million), with a jaw-dropping yearly gain of 153%—looks like someone was taking their vitamin Bitcoin!
– Between June and December 2024, NBIM racked up an additional 1,375 BTC, proving they’re really committing to the ‘hodl’ lifestyle.
### Hot Take
It seems Norway is gearing up to be the superhero of the crypto world, fighting off inflation with a sidekick known as Bitcoin! Who knew sovereign wealth funds could be such thrill-seekers? Next up: an investment in Dogecoin just for the memes (or maybe they already have, who’s to say?). ⚡️💰
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#Bitcoin #Norway #CryptoMadness #SovereignFun #JustInvestNews
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Original article: https://cointelegraph.com/news/norway-sovereign-wealth-fund-indirect-bitcoin-exposure-k33?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
