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Norway sovereign fund boosts indirect Bitcoin exposure by 149%
According to data from research firm K33, indirect Bitcoin investments held by Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), rose to 9,573 BTC, representing a 149% increase in 2025. Given that total indirect BTC exposure stood at 3,839 BTC at the end of 2024, this implies an increase of 5,734 BTC over the year. NBIM does not hold Bitcoin directly on its balance sheet. Instead, it owns significant stakes in crypto-related companies such as Coinbase, Strategy, Block, Metaplanet, and MARA. K33 Head of Research Vetle Lunde stated that “by the end of 2025, NBIM’s indirect Bitcoin exposure ... (full story)
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