Norway's Government Pension Fund Boosts Exposure to Bitcoin, Positive Signal for the Market

The Norway Government Pension Fund (Norges Bank Investment Management) has announced that it has increased its indirect exposure to Bitcoin ($BTC ) by 192% compared to the same period last year. This is a strong signal of acceptance of cryptocurrencies by traditional investment funds.

Indirect Investments through Public Companies

In the first half of 2025, the fund added 3,340 BTC, bringing its total Bitcoin holdings to 7,161 BTC, equivalent to approximately 844 million USD. Notably, the fund did not purchase Bitcoin directly but instead invested in shares of companies holding Bitcoin in their treasury.

Most of this indirect BTC comes from investments in:

Strategy (MicroStrategy): +3,005.5 BTC

Marathon Digital: +216.4 BTC

Block: +85.1 BTC

Coinbase: +57.2 BTC

Metaplanet: +50.8 BTC

Strengthening Bitcoin's Position

The fact that one of the largest sovereign wealth funds in the world is increasing its investment in Bitcoin, even indirectly, indicates that cryptocurrency is increasingly being regarded as a legitimate and reliable asset. This not only strengthens Bitcoin's position as a store of value asset but also paves the way for other large financial institutions to consider and incorporate cryptocurrencies into their investment portfolios. #norway