# 🚀 The Norwegian Sovereign Wealth Fund is Investing Heavily in Bitcoin!

The Norwegian sovereign wealth fund, valued at $1.7 trillion (the largest in the world!), has increased its exposure to Bitcoin by a staggering 83% in the second quarter, rising from 6,200 to 11,400 Bitcoins. They are heavily betting on MicroStrategy with a small position in Metaplanet as well.

Meanwhile, Bitcoin has been trading sideways between $117,100 and $117,800 over the past 24 hours, showing some consolidation after recent moves.

**What this means:** When large institutional money starts to increase positions in such a dramatic way, it often signals growing confidence in the prevailing trend of cryptocurrency assets. This could potentially support Bitcoin's price in the current range!

The information mentioned above has been researched and summarized by artificial intelligence and does not constitute investment advice.