Norway’s $1.9 Trillion Fund Doubles Bitcoin Exposure in 2025

Norway’s sovereign wealth fund, the $1.9 trillion Norges Bank Investment Management (NBIM), significantly increased its indirect Bitcoin exposure in 2025, surging by 192% to reach a staggering 7,161 BTC. This significant boost primarily stems from investments in companies with substantial Bitcoin reserves rather than direct ownership. K33 Research reveals that this increase was fueled by NBIM’s strategy adding 3,005.5 BTC to its exposure, and a further 216.4 BTC through Marathon Digital.