According to ChainCatcher news, data from cryptocurrency research firm K33 Research shows that Norway's sovereign wealth fund, the world's largest state-owned wealth fund, increased its indirect exposure to Bitcoin by 192% last year.
The fund indirectly holds 7,161 Bitcoins through its portfolio, which includes holding companies Strategy, Metaplanet, and the cryptocurrency exchange Coinbase.
Norway's increased investment in Bitcoin reflects a broader trend: as the world's first cryptocurrency gradually integrates into the traditional financial system, sovereign wealth funds are gaining indirect exposure through Bitcoin investment tools and corporate proxies. Kazakhstan's sovereign wealth fund announced in July that it plans to convert part of its assets into cryptocurrency. (Jinshi)
