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Norway's Sovereign Wealth Fund Bitcoin Exposure Doubles, Sovereign Funds Ride the Cryptocurrency Wave Becoming a Trend
BlockBeats News, August 14th. According to data from cryptocurrency research firm K33 Research, Norway's sovereign wealth fund, as the world's largest country-driven fund, increased its indirect Bitcoin exposure by 192% last year.
The fund indirectly holds 7,161 bitcoins through its portfolio, which includes holdings in the companies Strategy, Metaplanet, and the cryptocurrency exchange Coinbase.
Norway's increased Bitcoin holdings reflect a broader trend: as the world's first cryptocurrency gradually integrates into the traditional financial system, sovereign wealth funds are gaining indirect exposure through Bitcoin investment tools and corporate agents. Kazakhstan's sovereign wealth fund announced in July that it plans to convert some of its assets into cryptocurrency. (SMM)
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