On August 12, PANews reported that the Norwegian Sovereign Wealth Fund (Norges Bank Investment Management, NBIM) indirectly held a 192% year-on-year increase in the number of bitcoins this year, reaching 7,161 coins, with a market value of approximately $844 million, significantly up from 3,821 coins at the end of 2024. The increase mainly comes from investments in bitcoin-heavy companies such as Strategy (formerly MicroStrategy) and Marathon Digital, with Strategy contributing 3,005.5 coins and Marathon contributing 216.4 coins. Additionally, Block, Coinbase, and Japan's Metaplanet contributed 85.1 coins, 57.2 coins, and 50.8 coins, respectively. Analysts state that institutions increase their digital asset allocation indirectly by holding shares in bitcoin reserve companies.

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