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Norway's Wealth Fund Boosts Bitcoin Holdings by 153%

Coin WorldThursday, Jan 30, 2025 10:12 am ET

1min read

Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has witnessed a significant increase in its indirect exposure to Bitcoin (BTC), reflecting the growing maturity of the cryptocurrency market. By the end of 2024, the fund's holdings had surged to approximately 3,821 BTC, marking a remarkable 153% growth compared to the 1,507 BTC recorded a year earlier. This substantial increase underscores the fund's strategic inclination towards digital assets and signals a broader institutional acceptance of cryptocurrencies within traditional finance.

In addition to its direct Bitcoin holdings, the sovereign wealth fund has fortified its position by acquiring $500 million in stock from MicroStrategy, along with partial investments in major crypto exchanges and related companies. These investments include Coinbase (COIN), Metaplanet (3350), and MARA Holdings (MARA). This diversification strategy highlights a burgeoning trend among institutional investors to leverage the digital asset landscape.

The fund's increased exposure to Bitcoin and other cryptocurrencies is a testament to the growing recognition of digital assets as a viable investment option. As the market continues to mature, more institutional investors are likely to follow suit, further driving the acceptance and integration of cryptocurrencies into traditional financial systems.

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