Bitcoin News Today: Norway Wealth Fund Boosts Indirect Bitcoin Holdings 192% in 2025

Norges Bank Investment Management (NBIM), the manager of Norway’s Sovereign Wealth Fund, significantly increased its indirect exposure to Bitcoin in 2025, marking a 192% year-on-year rise in its digital asset holdings. As of Q2 2025, the fund holds 7,161 BTC, compared to 3,821 BTC at the end of 2024 [1]. This increase is valued at approximately $844 million at current prices, reflecting a strategic pivot in its asset allocation approach [1].

The surge in exposure is primarily driven by NBIM’s substantial investments in companies that hold significant Bitcoin reserves. Strategy and Marathon Digital are among the top contributors, with Strategy alone adding 3,005.5 BTC and Marathon Digital contributing 216.4 BTC to NBIM’s indirect BTC holdings [1]. Additional contributions include 85.1 BTC from Block, 57.2 BTC from Coinbase, and 50.8 BTC from Metaplanet [1]. However, Riot Platforms reduced its Bitcoin exposure by 76.7 BTC during the same period [1].

This strategy of indirect Bitcoin exposure aligns with a broader trend in 2025 where public companies are increasingly allocating portions of their cash reserves to Bitcoin. For instance, Marathon Digital recently raised $950 million to further boost its BTC holdings [1]. The move reflects growing institutional confidence in Bitcoin, both as a store of value and as a diversified asset within traditional investment portfolios [1].

According to Vetle Lunde, Senior Analyst at K33 Research, the trend highlights how Bitcoin is increasingly being included in diversified institutional portfolios, whether intentionally or as a byproduct of equity investments in BTC-heavy firms [1]. NBIM’s approach reflects a strategic diversification rather than a direct bet on Bitcoin, indicating a cautious but calculated integration of digital assets into sovereign wealth management.

The indirect inclusion of Bitcoin in NBIM’s portfolio underscores the evolving perception of digital assets in traditional finance. The fund’s exposure to companies with substantial Bitcoin reserves has drawn attention to the potential role of cryptocurrencies in long-term asset management strategies. This development could influence global asset managers to reassess their own digital asset allocations, potentially accelerating broader adoption of Bitcoin in institutional portfolios [1].

While Bitcoin’s price fluctuates, it has remained resilient and continues to move toward all-time highs, currently trading near $119,810 [1]. Analysts suggest that the ongoing adoption of Bitcoin by corporate treasuries may reinforce its position as a strategic asset in long-term investment planning. The political and regulatory landscape remains uncertain, though marginal frameworks have yet to emerge in response to these institutional moves [1].

Source: [1] Norway's Wealth Fund Grows Indirect Bitcoin Exposure To ... (https://bitcoinist.com/norway-wealth-fund-indirect-bitcoin-844-million-192/)