💰 The 1.6T USD Norwegian Sovereign Wealth Fund Currently Holds 900M USD in Bitcoin Indirectly 🚀
Norwegian Sovereign Wealth Fund Norges Bank Investment Management (NBIM) has increased its indirect Bitcoin holdings to 7,161 BTC, worth 862.8 million USD as of June 30, according to K33 research.
The past six months have seen an 87.7% growth and last year was 192.7%.
K33 Head of Research, Vetle Lunde, noted that NBIM's holdings in these companies are double their Bitcoin holdings.
Lunde remarked that NBIM's broad and diverse investment approach may have led to exposure to Bitcoin rather than a focus on it, but it indicates that BTC is becoming a part of the mainstream financial portfolio by default.
Corporate BTC Holding and Accumulation Strategy Drives Growth
NBIM's investment in corporate information and corporate treasury BTC Strategy is the biggest factor increasing exposure to Bitcoin.
NBIM owns 1.05% of the company's shares, valued at 1.18 billion USD, at the end of June, up from 0.72% (514 million USD) in 2024. Strategy added 3,340 BTC to NBIM's indirect exposure in the first half of 2025 by increasing Bitcoin holdings to 145,945 BTC.
Holdings in public companies with significant Bitcoin reserves have added exposure. Block, Coinbase, MARA, and Metaplanet have increased or maintained large BTC holdings, driving the trend.
The average Norwegian has 1,387 Norwegian kroner, or 138 USD, in Bitcoin exposure, according to Lunde.
Indirect exposure to Bitcoin is a market trend, Lunde said. Any investor with a diverse stock portfolio today has corporate interests in Bitcoin.
As more institutions use BTC for treasury, he expects this trend to grow. "The likelihood is high that any current index investor or broadly diversified investor holds a modest level of BTC exposure through representations," Lunde said, adding that this phenomenon will certainly increase.
Among other currencies, BTC has only increased 1.5% against the US dollar index and is below the January high in euros. Lunde noted that €105,600 is an important barrier for BTC in terms of euros, emphasizing the impact of currency shifts on Bitcoin prices globally.
