Norway’s sovereign wealth fund has reached a record level of indirect bitcoin exposure, now totaling 11,549 BTC worth about $725 million, according to K33, marking its sixth consecutive period of growth. The exposure stems from equity stakes in bitcoin-holding companies, led by Strategy, which accounts for roughly 86% of the total, with additional positions in Metaplanet, MARA, Coinbase, Block, and Tesla within a broad global portfolio. K33 notes the bitcoin position equals only 0.03% of total assets and is likely incidental, yet it illustrates digital assets’ deeper integration into mainstream finance, which now also includes new indirect ether exposure via Bitmine.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.