The world’s largest sovereign wealth fund, Norway’s Norges Financial institution Funding Administration (NBIM), has amassed $356.7 million in oblique bitcoin (BTC) publicity, in response to K33 Analysis.
On the finish of 2024, the fund not directly held 3,821 BTC, reflecting a 153% year-over-year enhance from 1,507 BTC, in response to K33. The info spotlight the fund’s evolving oblique bitcoin publicity, rising from simply 796 BTC in in 2020.
NBIM year-end oblique publicity (K33 Analysis)
NBIM additionally maintains stakes in a lot of crypto-related public firms. As of year-end 2024, its holdings included a 0.72% stake in MicroStrategy (MSTR), equal of $500 million, 1.1% of Tesla (TSLA) and investments in Coinbase (COIN), Metaplanet (3350) and MARA Holdings (MARA).
NBIM crypto-related firm publicity (K33 Analysis)
NBIM, which invests income from Norway’s oil and fuel sources and is formally generally known as the Authorities Pension Fund International, reported file annual revenue of $222.4 billion, pushed primarily by the synthetic intelligence (AI) increase.
K33 analyst Vetle Lunde makes the purpose that NBIM’s oblique bitcoin publicity is probably going a results of sector-weighted portfolios. As crypto proxies recognize in worth, their portfolio weightings enhance.
NBIM declined to remark.
