💰 Norway’s $1.6 Trillion Wealth Fund Now Indirectly Holds $900M in Bitcoin 🚀
Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has quietly boosted its indirect BTC holdings to 7,161 BTC — worth $862.8M as of June 30, according to K33 Research.
📈 Growth Stats:
+87.7% in the last 6 months
+192.7% in the last year
K33’s Vetle Lunde says NBIM’s exposure isn’t necessarily a Bitcoin bet — it’s a byproduct of its wide, diversified investing approach. But it shows how BTC is slipping into mainstream portfolios by default.
🔹 What’s Driving NBIM’s Bitcoin Exposure?
Strategy Holdings (a corporate BTC treasury giant) — NBIM owns 1.05% of its shares, now worth $1.18B.
Strategy boosted its own BTC reserves by 145,945 BTC in H1 2025, adding 3,340 BTC to NBIM’s indirect exposure.
Other BTC-heavy public firms like Block, Coinbase, MARA, and Metaplanet also contributed.
📊 The Norwegian Connection
The average Norwegian now has 1,387 NOK (~$138) of Bitcoin exposure via the wealth fund.
Lunde predicts this trend will accelerate:
> “Odds are high that any index investor or broadly diversified investor currently holds modest BTC exposure through proxies.”
💱 FX Matters: BTC is just +1.5% vs USD this year and still below January highs in euros. Key resistance in EUR terms? €105,600.
