Norway's Sovereign Wealth Fund (NBIM), a massive $2.4 trillion fund, significantly increased its indirect exposure to Bitcoin in the second quarter of 2024. Cryptocurrency analyst Jeff Kendrick estimates that NBIM's Bitcoin holdings rose to 11,400 BTC, an impressive 83% jump from the previous quarter. This surge is primarily attributed to NBIM's investments in companies like MicroStrategy and Metaplanet, which themselves have been aggressively acquiring Bitcoin. MicroStrategy currently holds a substantial 628,946 BTC, while Metaplanet possesses 18,113 BTC. By investing in these entities, NBIM gains indirect exposure to Bitcoin's price movements without directly holding the cryptocurrency. This strategic move reflects a growing interest in Bitcoin among institutional investors seeking diversified investment portfolios. While NBIM's exposure remains indirect, the significant increase signals a potentially shifting perspective on cryptocurrency as a viable asset class, especially as Bitcoin adoption rises. This indirect approach might be a way for the fund to test the waters before making direct investments in the future. ```

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