3W
...
Norway’s Government Pension Fund Global, managed by Norges Bank Investment Management, has significantly increased its bitcoin exposure. According to K33 Research, by the end of 2024, the fund’s indirect holdings in bitcoin reached 3,821 BTC, marking a 153% increase from the previous year. This growth is part of a larger trend starting from 796 BTC in 2020, showcasing the fund’s escalating commitment to cryptocurrency.
In addition to its bitcoin investments, NBIM holds substantial stakes in several key crypto-related public companies. The end of 2024 saw the fund owning 0.72% of MicroStrategy and 1.1% of Tesla, alongside investments in Coinbase, Metaplanet, and MARA Holdings. These stakes align with NBIM’s strategy to diversify its portfolio, which also benefited from the recent artificial intelligence boom, yielding a record profit of $222.4 billion for the year.
This strategic shift towards cryptocurrencies, especially bitcoin, reflects a broader acceptance of digital assets in traditional investment portfolios. As sector values rise, the fund’s increasing bitcoin allocation not only diversifies its investments but also capitalizes on the growing financial technology sector.
