Norway’s Sovereign Wealth Fund Boosts Indirect Bitcoin Holdings by 192% in 2025

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Norway’s $1.7 trillion sovereign wealth fund, Norges Bank Investment Management (NBIM), increased its indirect Bitcoin exposure by 192%, rising from 3,821 BTC at the end of 2024 to 7,161 BTC in 2025. This surge, valued at approximately $844 million, primarily came through investments in leading Bitcoin-holding companies like Strategy and Marathon Digital. The move highlights growing institutional confidence in Bitcoin as a part of diversified global portfolios.