Bitcoin News Today: Norway’s Sovereign Fund Boosts Bitcoin Exposure by 192% in 2025

Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has significantly increased its indirect Bitcoin exposure by 192% year-on-year in 2025, according to a report from K33 Research. As of August 2025, NBIM’s exposure to Bitcoin reached 7,161 BTC, valued at approximately $844 million—up from 3,821 BTC at the end of 2024 [1]. This represents an addition of 3,340 BTC in just the first half of the year.

The growth in exposure was driven primarily by NBIM’s increased equity stakes in major corporations that hold significant Bitcoin reserves. The largest contributor was Strategy, formerly known as MicroStrategy, which added 3,005.5 BTC to the fund’s indirect Bitcoin position. Marathon Digital contributed 216.4 BTC, while Block added 85.1 BTC. Additional holdings came from Coinbase, Metaplanet, and other companies with Bitcoin treasury strategies [1].

Vetle Lunde, a senior analyst at K33, attributed this increase to a broader institutional shift toward recognizing Bitcoin as a strategic asset. The fund’s approach reflects a long-term investment philosophy focused on uncorrelated returns and portfolio diversification. By investing in firms that themselves hold Bitcoin, NBIM is effectively gaining exposure to the cryptocurrency without directly purchasing or managing the digital asset [1].

The move underscores an evolving trend in institutional investing, where Bitcoin is increasingly being integrated into traditional portfolios. While Bitcoin is known for its volatility, its inclusion—even indirectly—by a globally significant sovereign wealth fund signals a level of credibility and acceptance in the asset management space. This strategy allows NBIM to benefit from potential long-term appreciation of Bitcoin while managing risk through indirect ownership [1].

The decision aligns with the fund’s broader mandate to preserve and grow Norway’s wealth for future generations. By leveraging equity positions in Bitcoin-heavy firms, NBIM is adapting to a rapidly changing financial landscape without abandoning its core principles of risk management and long-term stability [2].

Source:

[1] Norway's sovereign wealth fund boosts Bitcoin exposure by 192% in 2025 (https://cryptoslate.com/insights/norways-sovereign-wealth-fund-boosts-bitcoin-exposure-by-192-in-2025/)

[2] Norway Sovereign Fund Bitcoin Holdings Surge 192% in ... (https://bitbo.io/news/norway-sovereign-fund-bitcoin/)