Norway’s Government Pension Fund Global significantly increased its Bitcoin holdings by 83% in the second quarter of 2025, primarily through MicroStrategy and Metaplanet equities. This bold move signals a notable shift in risk appetite among institutional investors, potentially influencing broader market trends and encouraging similar investments from other global financial institutions. The fund’s operator, Norges Bank Investment Management (NBIM), adopted a conservative investment strategy focused on long-term growth. 83% of the increase was attributed to MicroStrategy and Metaplanet, signifying a strategic move toward higher risk exposure in Bitcoin equities. This trend could reshape the landscape of institutional investments in cryptocurrencies, setting the stage for other global pension funds to follow suit.