Norway's sovereign wealth fund, managed by Norges Bank Investment Management, has increased its Bitcoin investments through shares in companies like MicroStrategy and Marathon Digital to $844 million.
Increase in Indirect Bitcoin Exposure
K33 Research analysis indicates that Norway’s indirect exposure to Bitcoin reached $844 million through investments in several BTC-holding firms, including MicroStrategy.
Financial Circles Respond to Increased Exposure
The increased exposure has drawn notable attention within financial circles, impacting market capitalization of equities such as MicroStrategy. Analyst Vetle Lunde noted that the wealth fund’s indirect exposure grew to approximately 7,161 BTC, primarily driven by holdings in MicroStrategy and Marathon Digital.
Indirect Cryptocurrency Investment Strategies
This strategy resembles actions taken by other institutions like BlackRock, which utilize ETFs for similar exposure. Experts predict that as companies like MicroStrategy continue to acquire Bitcoin, indirect exposure through equities may see growth.
Thus, Norway's increased indirect investment in Bitcoin reflects a growing institutional interest in cryptocurrencies, which may encourage similar strategies by other investors.
