The Norges Bank Investment Management (Norges Investment Management (Norges Investment Management (NORGES Bank Management (NORGES Bank Management (Norges Bank Investment Management) increased its indirect exposure to Bitcoin (BTC) through investments in companies related to encrypted currency.
According to K33 Research, the Bitcoin exposure to the Fund reached 3821 BTC, at a value of 356 million dollars in about 2024, which represents an increase of 153 % throughout the year.
Moreover, the report shows that the Fund was submitted by 1,375 BTC between June and December 2024. Vetle Lunde, President of Research K33, indicated that this increase was probably due to the suggestion of the bases sector instead of a strategic decision to determine the priorities of Bitcoin. He described it as an example of how BTC “has become increasingly part of the various investment portfolios”:
The indirect exposure of NBIM is one of the strongest examples of how to slide BTC in any well -not qualified portfolio, and growth is a testimony of maturity in the market and BTC ends in any well -not well -qualified portfolio, its intention or not.
The indirect exposure to Bitcoin comes from the fund from a $ 500 million share in Microstrategy, as well as investments in Coinbase Coinbase Coinbase and BTC Mara Holdings and RIOT.
The government pension fund in Norway, one of the largest sovereign wealth funds in the world, recorded $ 222 billion of profits in 2024, when he achieved a second consecutive year of standard gains. Nicolai Tangen CEO, Nicolai Tangen, He said RUTERS is attributed to strong performance to achieve great gains in the technology sector.
NBIM shares from Microstrategy
NBIM has 0.72 % of Microstrategy shares, which is valued at $ 514 million from December 31, 2024. This is equivalent to 3,214 BTC exposure. While its ownership rate in Microstrategy decreased from 0.89 % in June 2024, the actual number of shares that kept from about 1.12 million to 1.58 million increased during the same period, as is the case with Data from Yahoo Financing.
Lund expected a greater decrease in Microstrategy’s share of NBIM due to the company’s “21/21” plan, which aims to raise $ 42 billion of capital through fixed -income offers for additional BTC purchases, which may reduce the total number of suspended shares.
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Other main sources of indirect BTC exposure include NBIM their shares in Mara (0.71 % of shares, equivalent to 315 BTC), Tesla (1.1 % of shares, 106.9 BTC), Coinbase (0.85 % of stocks, 80.6 BTC), and RIET Platforms (0.44 % of stocks, 76.7 BTC).
