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Norway's Sovereign Wealth Fund Doubles Bitcoin Exposure, Sovereign Funds Trending Towards Cryptocurrency Investments
Summary: According to Jinshi News, data from cryptocurrency research firm K33 Research shows that Norway's Sovereign Wealth Fund, the world's largest national sovereign wealth fund, doubled its indirect exposure to Bitcoin last year by 192%. The fund indirectly holds 7161 Bitcoins through its investment portfolio, which includes holdings in companies like Strategy, Metaplanet, and cryptocurrency exchange ...
According to Jinshi News, data from cryptocurrency research firm K33 Research shows that Norway's Sovereign Wealth Fund, the world's largest national sovereign wealth fund, doubled its indirect exposure to Bitcoin last year by 192%.
The fund indirectly holds 7161 Bitcoins through its investment portfolio, which includes holdings in companies like Strategy, Metaplanet, and cryptocurrency exchange platform Coinbase.
Norway's increased Bitcoin holdings reflect a broader trend: as the world's first cryptocurrency gradually integrates into the traditional financial system, sovereign wealth funds are gaining indirect exposure through Bitcoin investment tools and corporate agents. Kazakhstan's sovereign wealth fund announced in July plans to convert some of its assets into cryptocurrency.
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Link: Norway's Sovereign Wealth Fund Doubles Bitcoin Exposure, Sovereign Funds Trending Towards Cryptocurrency Investments [Copy]
