Norway’s sovereign wealth fund boosts Bitcoin exposure by 192% in 2025
Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has significantly increased its indirect exposure to Bitcoin this year.
On Aug. 12, Vetle Lunde, a senior analyst at K33 Research, reported that the firm’s indirect Bitcoin exposure grew by 192% year-on-year to 7,161 BTC (worth approximately $844 million) from the 3821 BTC exposure it had as of the end of 2024.
This means that NBIM’s exposure increased by 3,340 BTC during the first half of 2025 alone.
Lunde attributed the surge to heavier positions in core treasury vehicles such as Strategy (formerly MicroStrategy) and Marathon Digital, combined with strong overall Bitcoin accumulation among major treasury holders.
Breaking down the contributors, Strategy, the largest corporate Bitcoin holder, accounted for the largest portion of the growth, adding 3,005.5 BTC to NBIM’s indirect exposure.
Bitcoin miner Marathon Digital contributed 216.4 BTC, while Block added 85.1 BTC. Coinbase, the largest US-based exchange, and Japan-based Metaplanet rounded out the top five with 57.2 BTC and 50.8 BTC, respectively.
Other companies, including GameStop (GME), Tesla, Mercado Libre, Jasmine, Virtu, and WeMade, added smaller amounts, each under 35 BTC.
In Lunde’s view, the trend highlights how Bitcoin is increasingly appearing in diversified portfolios, whether intentionally or as a byproduct of equity investments in BTC-heavy companies.
The post Norway’s sovereign wealth fund boosts Bitcoin exposure by 192% in 2025 appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Perhaps as soon as next week, the term "RMP" will sweep across the entire market and be regarded as the "new generation QE".
The Federal Reserve has stopped its balance sheet reduction, marking the end of the "quantitative tightening" era. The much-watched RMP (Reserve Management Purchases) could initiate a new round of balance sheet expansion, potentially injecting a net increase of $20 billion in liquidity each month.
Enemies reconciled? CZ and former employees join forces to launch prediction platform predict.fun
Dingaling, who was previously criticized by CZ due to the failure of boop.fun and the "front-running" controversy, has now reconciled with CZ and jointly launched a new prediction platform, predict.fun.
Why is it said that prediction markets are really not gambling platforms?
The fundamental difference between prediction markets and gambling lies not in gameplay, but in mechanisms, participants, purposes, and regulatory logic—the capital is betting on the next generation of "event derivatives markets," not simply rebranded gambling.
2025 Crypto Prediction Mega Review: What Nailed It and What Noped It?
Has a year passed already? Have those predictions from back then all come true?
Trending news
MoreCrypto prices
More
