Norway Wealth Fund Raises Bitcoin Exposure 192% via Proxies
Norway’s sovereign wealth fund has raised its indirect Bitcoin exposure by 192% year-on-year. The fund now holds 7,161 BTC through stakes in Strategy, Metaplanet and Coinbase. Its position in Strategy climbed 133% to NOK 11.9 billion, while Coinbase holdings grew 96% since 2024.
Under regulatory limits on direct crypto acquisitions, the sovereign wealth fund uses crypto proxies such as ETFs and corporate bonds to gain Bitcoin exposure. Similar institutional moves include Wisconsin’s pension board doubling its Bitcoin ETF position to $321 million and Kazakhstan planning to convert reserves into crypto.
This rising institutional adoption of Bitcoin via proxy channels could enhance market liquidity. It may support bullish momentum in the short term and strengthen long-term price stability, presenting new considerations for crypto traders.
Bullish
Norway’s sovereign wealth fund significantly increasing its Bitcoin exposure signals growing institutional demand. By using proxies like ETFs and corporate bonds, the fund circumvents regulatory limits and boosts market liquidity. In the short term, this heightened demand could drive price rallies as traders anticipate further inflows. Over the long term, consistent institutional adoption may underpin Bitcoin’s price stability and attract additional large-scale investors, reinforcing a bullish outlook.