The world’s largest sovereign wealth fund, Norway Norway’s Bank Bank Investment Management (NBIM), has accumulated $ 356.7 million in indirect exposure of Bitcoin (BTC), according to K33 Research.
At the end of 2024, the fund indirectly held 3.821 BTC, reflecting an increase of 153% year after year of 1,507 BTC, according to K33. The data highlights the indirect exposure of indirect Bitcoin of the fund, which grows from only 796 BTC in 2020.
NBIM also maintains participations in a series of public companies related to cryptography. At the end of 2024, their holdings included a 0.72% participation in Microstrategy (Mstr), equivalent to $ 500 million, 1.1% of Tesla (TSLA) and investments in Coinbase (COIN), Metaplanet (3350) and Mara Holdings (Mara ).
NBIM, which invests the income of Norway’s oil and gas resources and is officially known as the Pension Fund of the Global Government, reported an annual record of $ 222.4 billion, mainly driven by the rise of artificial intelligence (IA) .
K33 analyst Vetle Lunde points out that indirect Bitcoin exposure of NBIM is probably the result of weighted portfolios in the sector. As cryptographic proxies appreciate in value, the weights of their portfolio increase.
Nbim declined to comment.
