Norway’s sovereign wealth fund has significantly increased its indirect Bitcoin holdings, raising concerns about a potential shift in global investment portfolios. The fund, managed by Norges Bank, now holds 7,161 BTC worth approximately $844 million, a staggering 192% increase from the previous year. This surge was achieved through investments in companies heavily involved in Bitcoin – like Strategy, Marathon Digital, and Coinbase. This marks a major indication of growing institutional confidence in Bitcoin as a valuable asset class within traditional financial systems. Analysts note that this move reflects the fund’s strategic focus on equity stakes in companies active in the Bitcoin ecosystem, rather than direct crypto holdings. The strategy echoes Tesla’s approach to Bitcoin investment and could be a catalyst for other funds to explore similar equity-based strategies in the cryptocurrency world.