Norway's sovereign wealth fund boosts indirect BTC holdings by 153%

Norway's sovereign wealth fund boosts indirect BTC holdings by 153%
Norway's sovereign wealth fund boosts indirect BTC holdings by 153%

Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has significantly increased its indirect exposure to Bitcoin.

Key Takeaways

- Norway’s sovereign wealth fund increased its indirect Bitcoin exposure by 153% to $356 million.

- Holdings include stakes in MicroStrategy, Coinbase, Tesla, and Bitcoin mining firms.

- Institutional Bitcoin adoption is rising, with US spot ETFs amassing $124 billion in net assets.

- 57% of institutional investors plan to increase their crypto exposure, signaling further growth.

 According to K33 Research, the fund now holds an estimated 3,821 BTC—worth $356 million—through investments in companies with cryptocurrency exposure. This marks a 153% annual increase, reflecting the growing integration of Bitcoin into institutional portfolios.  

NBIM’s crypto-related holdings include a $500 million stake in MicroStrategy, as well as investments in Coinbase, Tesla, and Bitcoin mining firms like Mara Holdings and Riot Platforms. The rise in exposure is attributed to sector-based weighting rather than a direct strategy to accumulate Bitcoin.  

Institutional adoption and regulatory outlook

The expansion of publicly traded crypto companies and the approval of spot Bitcoin ETFs have made it easier for institutions to gain exposure to digital assets. US spot Bitcoin ETFs have already amassed over $124 billion in net assets in their first year, underscoring institutional demand.  

 NBIM's indirect BTC exposure in USD and NOK. Source: NBIM

With the US moving toward clearer crypto regulations, many analysts expect institutional adoption to accelerate further. A recent survey by Swiss crypto bank Sygnum found that 57% of institutional investors plan to increase their exposure to digital assets, signaling continued growth in the sector.  

Read also: Bitcoin mining industry gets boost with Grayscale latest ETF launch.

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