Norway’s Sovereign Wealth Fund Indirectly Holds 11,549 Bitcoin, Up 60% Year Over Year

BitcoinWorld Norway’s Sovereign Wealth Fund Indirectly Holds 11,549 Bitcoin, Up 60% Year Over Year Norway’s sovereign wealth fund, the world’s largest, now holds indirect exposure to approximately 11,549 Bitcoin, according to a report by The Block, citing research from K33 Research.

The figure, which covers the first half of this year, marks a significant increase of over 60% compared to the same period last year, driven largely by the fund’s stake in Strategy (formerly MicroStrategy).

How the Fund’s Bitcoin Exposure Grew K33 Research’s analysis reveals that 86% of the fund’s total indirect Bitcoin holdings stem from its position in Strategy (MSTR), the business intelligence firm that has aggressively accumulated Bitcoin as its primary treasury reserve asset.

As Strategy’s Bitcoin holdings have grown, so has the fund’s indirect exposure through its equity stake in the company. The remaining exposure is spread across other publicly traded companies that hold Bitcoin on their balance sheets.