Norway’s Wealth Fund Doubles Bitcoin Holdings, Signaling Growing Institutional Confidence

The Norwegian government’s sovereign wealth fund has significantly increased its indirect Bitcoin exposure in recent years. The fund, responsible for managing a staggering $1.9 trillion, saw its holdings of Bitcoin increase by 192% over the past year alone. This expansion was primarily achieved through investments in companies like MicroStrategy, Tesla, and Marathon Digital, which hold substantial Bitcoin reserves. This move underscores growing institutional confidence in Bitcoin’s potential as an asset class within diversified portfolios.