Norway’s Wealth Fund’s Indirect Bitcoin Exposure Reaches $844M
- Norway’s Wealth Fund increases Bitcoin exposure via equities.
- Exposure estimated at $844M in BTC assets.
- Indicates rising financial interest in cryptocurrency.
Norway’s Wealth Fund has expanded its Bitcoin exposure via equity holdings to an estimated $844 million, according to K33 Research analysis of public equities holding BTC, including MicroStrategy.
This growing indirect investment reflects institutional interest in Bitcoin’s potential, influencing market perceptions and corporate strategies amidst increasing regulatory scrutiny and digital asset adoption discussions.
Norway’s Wealth Fund, managed by Norges Bank Investment Management, has increased its indirect Bitcoin exposure to $844 million through equity investments in several BTC-holding firms.
The increase highlights institutional interest in cryptocurrency, impacting equities like MicroStrategy and Marathon Digital without direct BTC purchases.
Norway’s Fund Heightens Bitcoin Stakes in Equity Holdings
Norway’s government pension fund, managed by Norges Bank Investment Management, boosts its Bitcoin exposure by increasing equity stakes in firms like MicroStrategy and Marathon Digital. This move follows rising institutional interest in digital assets.
Analyst Vetle Lunde estimates the exposure at 7,161 BTC, translating to $844 million. This calculation is grounded in the companies’ reported BTC treasuries and NBIM’s equity stakes.
Financial Circles Respond to Increased Bitcoin Exposure
The increased exposure has driven notable attention within financial circles, affecting the market valuation of equities such as MicroStrategy. Vetle Lunde, Senior Analyst at K33 Research, remarked, “NBIM’s indirect BTC exposure grew year-on-year to roughly 7,161 BTC, driven mainly by Strategy and Marathon positions.”
Norges Bank’s strategy highlights the trend of seeking asset exposure through indirect investment pathways, sidestepping direct crypto market volatility while tapping into growth potential.
Indirect BTC Strategies Mimic BlackRock’s Approach
This strategy mirrors previous institutional actions, including those by BlackRock, using ETFs for similar exposure. The method reflects cautious yet effective crypto involvement without direct investments.
Experts predict that as public companies like MicroStrategy continue acquiring BTC, indirect exposure through equities may grow, reinforcing this model as a viable option for institutional portfolios.
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