PANews August 12 news, according to CryptoCrunch, Norway's sovereign wealth fund (Norges Bank Investment Management, NBIM) has indirectly held a record number of bitcoins this year, increasing by 192% year-on-year to 7,161 bitcoins, with a market value of approximately $844 million, significantly up from 3,821 at the end of 2024. The increase mainly comes from investments in Bitcoin-heavy companies like Strategy (formerly MicroStrategy) and Marathon Digital, with Strategy contributing 3,005.5 bitcoins and Marathon contributing 216.4 bitcoins. Additionally, Block, Coinbase, and Japan's Metaplanet contributed 85.1, 57.2, and 50.8 bitcoins respectively. Analysts say that institutions are indirectly increasing their digital asset allocation by holding shares in Bitcoin reserve companies.

#BTC