Norway's Government Pension Fund Global, the world's largest sovereign wealth fund managed by Norges Bank Investment Management, has increased its exposure to Bitcoin by holding shares in companies with significant Bitcoin reserves.
Rise in Bitcoin-Linked Holdings
Analyst Geoffrey Kendrick from Standard Chartered pointed out that the fund increased its Bitcoin-linked holdings by 83% in Q2 2025. The Norges Bank raised its indirect Bitcoin exposure from 6,200 BTC to 11,400 BTC within three months, as reported in the latest 13F filings.
Strategy Through Companies
The Norges Bank opted for a strategy of gaining exposure through well-known firms such as MicroStrategy and Metaplanet. MicroStrategy, led by Michael Saylor, currently owns over 628,000 BTC, while Metaplanet holds over 18,000 BTC. This approach has enabled the fund to benefit from Bitcoin's appreciation without holding the asset directly.
Standard Chartered Analysts' Predictions
Beyond analyzing sovereign investment activities, Kendrick has also made bold predictions for cryptocurrency prices. He forecasted Bitcoin could reach $135,000 by September 2025 and $500,000 by 2028, while also being optimistic about other digital assets such as Ethereum and BNB.
The increase in the Norwegian Government Pension Fund's investments in Bitcoin through company shares highlights the growing interest of traditional financial institutions in cryptocurrencies and their potential profitability.
