Norway’s Wealth Fund Expands Bitcoin Holdings Significantly
15.08.2024 9:00 1 min. read Alexander Stefanov
Norway’s sovereign wealth fund, NBIM, has increased its Bitcoin holdings to approximately $149.48 million, with a total of 2,446 BTC.
This is up by 938 BTC from the end of last year.
Vetle Lunde, Senior Analyst at K33 Research, suggests that this rise likely results from automated portfolio adjustments rather than a strategic decision to boost Bitcoin exposure. He noted that if the fund had aimed to significantly increase its Bitcoin stake, more direct efforts and larger investments would be evident.
The increase in Bitcoin holdings also reflects broader corporate trends, influenced by figures like Michael Saylor of MicroStrategy and others. Companies such as MicroStrategy, Marathon Digital, and Coinbase have all raised their Bitcoin holdings, highlighting a growing acceptance of Bitcoin for diversification and risk management.
This trend underscores Bitcoin’s potential as a hedge against economic uncertainty. NBIM’s approach might serve as a model for other large institutions considering Bitcoin as a way to manage assets and mitigate risks.
-
1
Semler Scientific Boosts Bitcoin Treasury Following $10M Acquisition
26.04.2025 17:00 2 min. read -
2
Cathie Wood Backs Bitcoin and Tesla as Catalysts for Deflationary Growth
11.05.2025 22:00 2 min. read -
3
Swiss Central Bank Dismisses Bitcoin Reserve Proposal Amid Debate
25.04.2025 20:00 2 min. read -
4
Standard Chartered Predicts Bitcoin to Hit $120K Soon as U.S. Investors Shift Capital
30.04.2025 11:00 2 min. read -
5
Bitcoin’s Realized Cap Hits Record as Market Eyes Six-Figure Return
08.05.2025 16:00 1 min. read
Bitcoin Market Patterns Suggest Another Consolidation Phase May Be Near
A new report from analytics firm Alphractal is shedding light on a potential recurring pattern in the Bitcoin market that could hint at incoming volatility followed by a period of price stability.
Metaplanet Nearly Doubles Bitcoin Holdings in Seven Weeks, Now Holds 7,800 BTC
Japanese investment firm Metaplanet is rapidly scaling up its Bitcoin exposure, with the company disclosing a fresh purchase of 1,004 BTC in its latest filing.
Could Bitcoin’s Market Value Catch Up to Gold by 2030? Some Think So
Bitcoin, now valued around $2 trillion, has entered a new phase in its evolution — one that may see its total market capitalization rival gold’s $22 trillion dominance, according to several prominent investors.
Michael Saylor’s Strategy Adds $765M in Bitcoin
Strategy, the business intelligence firm renowned for its relentless Bitcoin accumulation, has just made another massive investment — snapping up $765 million worth of BTC in its latest buy.
-
1
Semler Scientific Boosts Bitcoin Treasury Following $10M Acquisition
26.04.2025 17:00 2 min. read -
2
Cathie Wood Backs Bitcoin and Tesla as Catalysts for Deflationary Growth
11.05.2025 22:00 2 min. read -
3
Swiss Central Bank Dismisses Bitcoin Reserve Proposal Amid Debate
25.04.2025 20:00 2 min. read -
4
Standard Chartered Predicts Bitcoin to Hit $120K Soon as U.S. Investors Shift Capital
30.04.2025 11:00 2 min. read -
5
Bitcoin’s Realized Cap Hits Record as Market Eyes Six-Figure Return
08.05.2025 16:00 1 min. read