Norway’s sovereign wealth fund has amplified its indirect Bitcoin holdings by 192% over the past year, bolstering exposure equivalent to 7,161 BTC through strategic investments in cryptocurrency-focused companies. The world’s largest sovereign fund achieved this primarily via increased stakes in BTC mining firm Strategy and exchange platform Coinbase.
The fund’s holdings in Strategy surged 133% year-over-year, exceeding $1.2 billion in value. Its Coinbase investment simultaneously grew by over 96%, signaling aggressive positioning within the crypto sector. This aligns with a broader institutional trend of sovereign funds diversifying into digital assets for enhanced returns amid evolving financial landscapes.
The tactical pivot extends beyond Norway, evidenced by the State of Wisconsin Investment Board recently allocating $164 million to Bitcoin ETFs and nearly doubling its position. Such moves highlight accelerating acceptance of cryptocurrency exposure among conservative institutional portfolios despite market volatility.
Norway’s expanded crypto allocations reflect a calculated strategy to harness blockchain industry growth while mitigating direct asset risks. This positions the sovereign fund at the forefront of institutional adoption as global investment entities progressively integrate digital assets into traditional frameworks.