📌 Norway’s Sovereign Wealth Fund (NBIM) – the world’s largest with $1.7–$1.9 trillion in assets – has increased its indirect Bitcoin exposure to 7,161 BTC as of June 30, 2025, up 192% from the end of 2024 (an additional ~3,340 BTC). The holdings are valued at around $845M, meaning each Norwegian citizen indirectly owns about 0.0013 BTC.
💡 NBIM does not hold BTC directly but through shares of “Bitcoin proxy” companies such as MicroStrategy (+3,005.5 BTC), Marathon Digital (+216.4 BTC), Block (+85.1 BTC), Coinbase (+57.2 BTC), Metaplanet (+50.8 BTC), along with smaller stakes in Tesla, GameStop, Mercado Libre, Jasmine, Virtu, and WeMade, contributing nearly 750 BTC in total.
🔎 This move stems from index-based allocation in technology and financial sectors rather than a deliberate “pro-Bitcoin” strategy. However, it reflects BTC’s growing inevitability in traditional portfolios, even for conservative funds like NBIM.
⚠️ The news helped push BTC above $120,000 on August 13, but indirect exposure carries risks: dependency on company share performance, high debt burdens of some firms like MicroStrategy, and potential regulatory changes in the US/EU.
⏱️ Over the next 3–6 months, this development could support bullish sentiment and help BTC move toward $130K–$150K if macro conditions remain favorable and ETF inflows stay strong.
✅ Impact rating: 7/10 – Positive for BTC and crypto, enhancing legitimacy and institutional flows, but still a cautious step rather than a decisive game-changer.
