As the mighty Bitcoin (BTC) prances towards yet another all-time high (ATH), the world is finally waking up to the fact that it’s not just for hooded cryptographers and pizza enthusiasts. In a recent X post (because who uses carrier pigeons anymore?), Vetle Lunde, senior analyst at K33 Research, revealed that Norway’s Sovereign Wealth Fund has been quietly stacking sats like a squirrel hoarding acorns for the apocalypse. 🌰💰
Norway’s Money Pile Gets a Bitcoin Makeover
Lunde, with the enthusiasm of a wizard discovering a new spell, noted that Norges Bank Investment Management (NBIM) – the fancy name for Norway’s money pile – has dramatically upped its indirect BTC exposure in 2025. He quipped:
“This is my favorite chart to update whenever the world’s largest sovereign wealth fund spills its beans. It’s like watching a well-diversified portfolio accidentally stumble into the future. Intentional or not, BTC is the guest that refuses to leave the party.” 🎉📈
Turns out, NBIM now holds 7,161 BTC, which at current prices is roughly $844 million. That’s enough to buy a small country or a really big boat. 🚢
At the end of 2024, the fund was sitting on a mere 3,821 BTC. Fast forward to 2025, and it’s added 3,340 BTC in just six months. That’s a whopping 192% year-on-year increase, or as I like to call it, “the financial equivalent of a wizard’s staff upgrade.” 🧙♂️✨
According to Lunde, this Bitcoin bonanza was fueled by NBIM’s investments in companies like Strategy and Marathon Digital, which are basically the Hogwarts and Durmstrang of the crypto world. Strategy alone added 3,005.5 BTC to the fund’s stash, while Marathon Digital chipped in 216.4 BTC. Together, they’re sitting on more Bitcoin than most countries have in gold reserves. 🏦💎
Strategy holds 628,946 BTC, and Marathon Digital has 50,000 BTC. Combined, that’s over 3% of Bitcoin’s total supply, valued at a cool $81 billion. Makes you wonder if they’re planning to build a Bitcoin-powered spaceship. 🚀🌕
Other contributors to Norway’s Bitcoin binge include Block (85.1 BTC), Coinbase (57.2 BTC), Metaplanet (50.8 BTC), and GameStop (33 BTC). Meanwhile, Riot Platforms decided to be the odd one out and reduced its exposure by 76.7 BTC. Probably needed the cash for a new gaming console. 🎮
2025: The Year Bitcoin Went Mainstream (Again)
While Bitcoin has been sneaking onto corporate balance sheets for years, 2025 is the year it decided to throw a party and invite everyone. Companies are now tripping over themselves to announce their Bitcoin holdings like it’s the latest fashion trend. 🕶️💼
Last week, Turkish mobility app Marti Technologies declared it would hold 20% of its cash reserves in BTC. Not to be outdone, UK-based Satsuma Technology vowed to expand its Bitcoin position. Even Galaxy Digital joined the fun, adding 4,272 BTC while giving Ethereum the side-eye. ETH, meanwhile, is probably sulking in the corner. 😢
At the time of writing, BTC is trading at $119,810, down 0.5% in the past 24 hours. But hey, who’s counting? It’s not like it’s going to stay there. Bitcoin’s got places to be and all-time highs to conquer. 🚀📈
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2025-08-13 06:17