Norway’s Sovereign Wealth Fund Doubles Bitcoin Investment in a Year

Norway’s Government Pension Fund Global, the world’s largest state-run wealth fund, has dramatically increased its indirect Bitcoin holdings over the past year, reaching 7,161 BTC. This significant growth, according to Cointelegraph, was fueled by increasing DeFi applications and institutional interest in cryptocurrency. The fund now holds a considerable $1.2 billion stake in various companies like Strategy and Coinbase.