Norwegian Sovereign Wealth Fund Boosts Bitcoin Exposure 🚀

The Norwegian sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has increased its indirect exposure to Bitcoin by *192%* in Q2. This boost brings their indirect Bitcoin holdings to approximately *7,161 BTC*, valued at around *$844 million*.

Key Details

- *Exposure Growth*: The fund's indirect Bitcoin exposure grew from 2,446 BTC a year earlier to 7,161 BTC.

- *How They Invest*: NBIM gains Bitcoin exposure through investments in major Bitcoin-holding companies like:

- *Strategy (formerly MicroStrategy)*

- *Marathon Digital*

- *Block*

- *Coinbase*

- *Metaplanet*

- *Other Holdings*: Smaller positions in companies like Tesla, GameStop, and Mercado Libre also contribute to the fund's Bitcoin exposure .

Implications

According to Vetle Lunde, Head of Research at K33, this trend highlights how Bitcoin is increasingly appearing in diversified portfolios, whether intentionally or as a byproduct of equity investments in BTC-heavy companies .

#REVABinanceTGE #ETH5kNext? #BTC #Write2Earn #BinanceTurns8 $BTC