Norway Invests Heavily in Bitcoin: Sovereign Wealth Fund Doubles Crypto Exposure

The appetite for Bitcoin among institutional investors remains strong, with Norway’s sovereign wealth fund taking a bold new step by tripling its indirect exposure to the cryptocurrency. This strategy allows the fund, which manages public assets, to gain a foothold in the crypto market without directly purchasing Bitcoin. Their approach involves investing in companies that already hold bitcoin, maximizing their exposure through strategic partnerships and ETFs. The impact is significant: their investments have soared by 192% compared to last year alone, thanks to strong holdings in MicroStrategy, Metaplanet, and Coinbase.