🇳🇴 Update: The Norwegian Sovereign Wealth Fund Increases Its Indirect Holdings in Bitcoin!
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📢 What's new?
– The Norwegian sovereign fund raises its indirect holdings of Bitcoin.
– The fund now owns the equivalent of 7,161 $BTC through its shares in companies like MicroStrategy.
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💡 What's behind the news?
– The fund does not buy Bitcoin directly but invests in companies that own it.
– This strategy allows it to gain exposure to the cryptocurrency market while adhering to its investment rules.
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📈 The outlook:
– Increased interest from major financial institutions in Bitcoin as an investment asset.
– It may indicate growing confidence in the stability and value of Bitcoin in the long term.
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❓ Do you think this move will increase other institutions' confidence in investing in cryptocurrencies?
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