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"Norway's Giant Fund Boosts BTC Exposure 153% via MicroStrategy"
Generated by AI AgentCoin World
Thursday, Jan 30, 2025 4:03 pm ET1min read
World’s Largest Sovereign Wealth Fund Boosts Indirect BTC Exposure by 153%
The world’s largest sovereign wealth fund, Norway’s Government Pension Fund Global (GPFG), has significantly increased its indirect exposure to Bitcoin (BTC) through its investment in MicroStrategy. According to a recent report, the fund’s stake in MicroStrategy has grown by 153% since the beginning of 2023.
MicroStrategy, a business intelligence software company, has been a prominent investor in Bitcoin, with a significant portion of its treasury reserves allocated to the cryptocurrency. As of December 31, 2022, MicroStrategy held approximately 132,500 BTC, valued at around $2.2 billion at the time.
The GPFG’s increased investment in MicroStrategy is a testament to the growing acceptance and interest in Bitcoin among institutional investors. The fund, which manages Norway’s oil and gas revenues, has been diversifying its portfolio to include alternative investments, such as cryptocurrencies, to generate higher returns.
Grayscale Launches Bitcoin Mining ETF for Regulated Investment Access
Grayscale Investments, a leading digital asset management firm, has launched the Bitcoin Miners ETF (MNRS), offering investors regulated exposure to Bitcoin mining companies through the New York Stock Exchange Arca (NYSE Arca). The fund aims to provide investors with a convenient and secure way to gain exposure to the Bitcoin mining industry without holding Bitcoin directly.
The Bitcoin Miners ETF tracks the performance of the Bitcoin Miners Index, which evaluates global Bitcoin mining firms. These companies generate revenue from mining operations, blockchain ventures, and payment streams from mining-related software and hardware products and services.
The launch of the Bitcoin Miners ETF comes as the Bitcoin mining industry continues to grow and attract institutional investors. As Bitcoin’s price and network demand increase, so does the demand for mining services, creating opportunities for investors to capitalize on this specific sector.
Bitcoin Surpasses $100,000, Yet Retail Investor Activity Dips Amid Shift Towards Spot BTC ETFs
Despite Bitcoin’s price surpassing $100,000, retail investor activity has dipped amid a shift towards spot BTC ETFs. Institutional investors have been increasingly
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