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Norway Wealth Fund’s Bitcoin Exposure Hits $837M in 2025
Norway’s sovereign wealth fund increased its indirect exposure to bitcoin to 9,573 BTC by the end of 2025, according to data compiled by crypto research firm K33. The exposure comes entirely through equity holdings in publicly listed companies that hold bitcoin on their balance sheets, rather than through direct ownership of the asset. K33 estimates that Norges Bank Investment Management (NBIM), which manages the Government Pension Fund Global, held the equivalent of 8.5 billion Norwegian kroner, or about $837 million, in bitcoin-linked exposure at year-end. That represents a 149% increase from the previous year, ... (full story)
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