Norway Sovereign Wealth Fund’s Indirect Bitcoin Exposure Reaches Over $860M

Description

Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has increased its indirect holdings of Bitcoin to 7,161 BTC, valued at approximately $862.8 million as of June 30, according to new analysis from K33. This represents an 87.7% rise in the last six months and a 192.7% increase over the past year. The gains stem largely from the fund’s positions in companies with significant Bitcoin treasuries, including Strategy, Block, Coinbase, Marathon Digital Holdings (MARA),...