Norway’s $1.7T wealth fund boosts Bitcoin publicity by 83% through crypto-linked shares, signaling rising institutional curiosity in crypto.
Norges Financial institution Funding Administration (NBIM), the entity managing Norway’s Authorities Pension Fund International, has considerably elevated its oblique Bitcoin publicity by 83% within the second quarter of 2025, in accordance with a report by Customary Chartered’s international head of digital belongings analysis, Geoffrey Kendrick. With belongings totaling $1.7 trillion, the fund, which is mostly thought-about the most important sovereign wealth fund globally, elevated its Bitcoin-like belongings by 6,200 BTC to 11,400 BTC.
Norway’s Wealth Fund Expands Bitcoin Publicity through Technique, Metaplanet
The rise is because of a step-up of NBIM in corporations which have massive quantities of Bitcoin, specifically Technique (previously MicroStrategy, ticker MSTR) and Metaplanet, the Japanese model of MicroStrategy. As Kendrick analyzes based mostly on the latest 13F studies filed with the U.S. Securities and Alternate Fee, the place of the fund stays largely targeting Technique, which at the moment owns greater than 628,000 BTC by the center of 2025.
A smaller quantity, which was about 200 BTC-equivalent, was additionally launched to Metaplanet, which signifies a diversified technique towards crypto-related shares. This new strategic path was outlined in a report issued on August 16, 2025, and has elicited debates amongst the monetary analysts.
The ruling is in step with wider international institutional acceptance of cryptocurrencies. Such funding was facilitated by the U.S. authorization of Bitcoin exchange-traded funds (ETFs) in January 2024, and different nations, reminiscent of Singapore and Switzerland, have additionally began contemplating digital belongings of their monetary plans.
Within the case of Norway, financial necessity is likely one of the causes behind this transfer. As oil and gasoline revenues (that are historically the spine of the fund) will drop by 15% in 2025 as manufacturing decreases and the world vitality transitions to renewable vitality, diversification with such belongings as Bitcoin is a precedence.
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Norway’s NBIM Avoids Regulation with Oblique Bitcoin Technique
Customary Chartered’s evaluation exhibits that NBIM is utilizing an oblique solution to achieve publicity to Bitcoin. This assists it in evading quick regulatory issues. The identical method was utilized by the APG of the Netherlands, which invested in crypto-linked shares with a sum of $50 million.
This can allow NBIM to benefit from the growing worth of Bitcoin with out having to buy the cryptocurrency. Take the instance of Bitcoin, which touched the $117,749 mark on August 16, stated CoinShares. The rise in flip makes oblique publicity extra interesting.
In October 2024, Customary Chartered established its crypto analysis group. This is a sign of the convergence of conventional finance and digital belongings. This is likely one of the rising tendencies within the analysis performed by Kendrick, who’s a serious analyst.
Then, the 83% improve within the publicity of NBIM in Bitcoin is a big step. In late 2024, K33 Analysis estimated the publicity of NBIM at $356 million. At this level, in Q2 2025, it may be greater than $600 million due to the value improve of Bitcoin.
On account of this, analysts reckon different sovereign wealth funds will start copying this. In case that comes about, it is going to transfer the Bitcoin costs even greater. Conversely, there are points that it brings up as nicely. Bitcoin is very unstable, and substantial investments are dangerous. Lastly, the choice of Norway could be a turning level. It will likely be a recent starting of institutional crypto investing.