Key Takeaways
- Norway’s sovereign wealth fund elevated Bitcoin publicity by 153% in 2024.
- The fund now holds 3,821 BTC by means of investments in Bitcoin-linked companies.
- NBIM’s Bitcoin-related investments grew from $23M in 2020 to $356M in 2024.
Norway’s sovereign wealth fund, the world’s largest with $1.7 trillion in property, has considerably expanded its Bitcoin publicity.
In accordance with K33 Analysis analyst Vetle Lunde, NBIM’s oblique Bitcoin holdings grew by 153% in 2024, reaching 3,821 BTC.
Funding technique
The fund’s publicity comes by means of investments in Bitcoin-linked firms similar to Riot Platforms, Metaplanet, and MicroStrategy.
Regardless of expectations of a lowered stake in MicroStrategy, NBIM maintained substantial holdings within the agency.
Institutional adoption traits
Lunde advised that NBIM’s Bitcoin publicity seemingly stems from sector-based funding methods quite than a direct push towards Bitcoin.
Nevertheless, he famous that institutional involvement in Bitcoin continues to develop, reflecting its growing position in diversified portfolios.
Monetary affect
In monetary phrases, NBIM’s Bitcoin-related investments surged from $23 million in 2020 to $356 million by the top of 2024.
Norway’s per capita oblique Bitcoin publicity now stands at 68,837 sats, roughly $64.