The indirect bitcoin exposure through investment in microstrati and other cryptocurrency-focused companies at Central Bank, Norway, is more than $ 500 million in exposure.
According to K33 research, Norway’s indirect performance for bitcoin (BTC) has almost three times the last 12 months due to increasing crypto-related firms.
Prominent of research on Vetle Lunde, K33 K33, wrote As of December 2024, Norway Sovereign Wealth Fund has 0.72% of the total shares of microstratory, which is around $ 514 million. This investment translates to indirect risk of about 3,214 bitcoins.
While the Central Bank of Norway has invested in a microstrate since 2009, the trend has accelerated last year as the company strengthened its position as Bitcoin’s biggest corporate holder, according to Lunde. Microstrategy remains the largest cryptocurrency-linked investment of Norway’s sovereign fund. The fund is maintained by the Central Bank and managed by the Northern Bank Investment Management.
In addition to the microstrate, the Naj Bank has shares in other companies along with the Investment Management Bitcoin Exposure. These include Tesla, bitcoin mining firm Marathon Digital and Riot Platform, Cryptocurrency Exchange Coinbase and Metaplanet at Tokyo.
Together, these investments represent more than $ 61 million in indirect bitcoin exposure. Lunde said that the possibility of investment strategy of Norgus Bank Investment Management follows rules-based sector waiting rather than direct bitcoin acquisition scheme.
However, Lunde also explained the unusual nature of some investment options of Norgus Bank Investment Management, suggesting that bitcoin is rapidly looking for its way in institutional portfolio worldwide.
Norway’s interest in companies with important bitcoin holdings attracted attention last year. In August, documents revealed that central banks in Norway and Switzerland invested adequate in microstrati shares, which coincides with the purchase of bitcoins by the Tyson Corner-based firm.
