By the end of 2024, Norway's sovereign fund increased its indirect Bitcoin exposure through a diversified investment portfolio involving cryptocurrency-friendly companies.
Growth in Indirect Bitcoin Exposure
According to K33 Research, Norway's fund's indirect exposure to Bitcoin reached 3,821 BTC, an equivalent of $356 million, marking a 153% annual growth. This reflects how Bitcoin is increasingly integrated into diversified investment portfolios.
Fund's Investment Portfolio Composition
The fund's assets include a $500 million stake in MicroStrategy, investments in cryptocurrency exchange Coinbase, and holdings in mining companies Mara Holdings and Riot Platforms. The fund's 2024 profit reached $222 billion, driven by success in the technology sector.
Institutional Reach of Bitcoin
Institutions have gained easier access to digital assets due to the growth of cryptocurrency companies and the emergence of Bitcoin exchange-traded funds. Analysts expect improved regulation in the US will further increase institutional crypto investments.
Norway's sovereign fund has significantly boosted its Bitcoin investments through indirect assets, mirroring the broader trend of growing institutional interest in cryptocurrencies amid a rapidly evolving market.
