Norway’s Sovereign Fund Scoops Up Massive Bitcoin as Its Holding Rockets 153% in 2024 📈😉
Norway’s sovereign wealth fund – known as Norges Bank Investment Management (NBIM) – has seen its Bitcoin holdings grow by a staggering 153% in 2024, according to Vetle Lunde, Head of Research at K33 Research, in an eye-opening X post.
Lunde’s post revealed NBIM’s indirect Bitcoin exposure rose from an initial 2,446 BTC on June 30, 2024, to a whopping 3,821 BTC. That’s not all – looking at growth throughout the year, the fund’s BTC exposure surged by approximately 153%, increasing from 1,507 BTC at the end of 2023 to 3,821 BTC by the close of 2024.
While NBIM’s exposure to the flagship cryptocurrency remains far from direct, Lunde points out that this substantial growth is a testament to the ever-growing CryptoMarket – and a sign that BTC has become an indispensable part of any major investment strategy. Whether intended or not, BTC investments are simply unavoidable now.
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2025-01-30 12:12