Norway’s $1.7T Fund Boosts Bitcoin Exposure to 11.4K BTC

Published: 2025-08-17 19:52:06 |

Norway’s $1.7 trillion sovereign wealth fund, managed by NBIM, has increased its indirect Bitcoin exposure by 83% in Q2 2025, raising holdings by 6,200 BTC to a total of 11,400 BTC. Over the past year, the fund’s proxy strategy expanded Bitcoin exposure by 192% through stakes in crypto-linked stocks such as MicroStrategy (MSTR), Metaplanet and Coinbase (COIN). Facing a projected 15% drop in oil and gas revenues, NBIM is using crypto-linked stocks and ETFs to diversify its portfolio. This indirect approach to Bitcoin exposure avoids regulatory hurdles while capturing upside from digital assets. Analysts expect other sovereign wealth funds to adopt similar crypto diversification strategies, potentially driving further Bitcoin price growth and bolstering long-term adoption.

Bullish

Norway’s sovereign wealth fund expanding indirect Bitcoin exposure underscores growing institutional demand. In the short term, proxy investments via crypto-linked stocks and ETFs can boost market sentiment and lift Bitcoin prices. Over the long term, large traditional investors diversifying with Bitcoin reinforce its role as a strategic asset, keeping upward pressure on price as more funds follow suit.