Norway’s Wealth Fund Doubles Bitcoin Holdings, Driven by Strategic Equity Investments

Norway’s Government Pension Fund Global significantly increased its Bitcoin exposure in Q2 2025, bolstering holdings through direct equity investments in companies like Strategy and Metaplanet. This strategic move saw the fund’s Bitcoin allocation grow by 83% from previous levels. The decision reflects a growing trend toward incorporating cryptocurrency within diversified portfolios as institutional investors seek alternative investment strategies. Notably, the Fund increased its exposure to BTC-heavy companies, primarily through these two firms. This change has triggered notable shifts in market dynamics, including heightened liquidity and trading volumes for Bitcoin and related equities like Strategy. Analysts predict this trend will continue as more institutions integrate Bitcoin into their portfolios. The move highlights the growing role of sovereign institutions like Norway’s Pension Fund Global in shaping global crypto markets, potentially leading to increased legitimacy for Bitcoin on a broader scale.