Norway’s Norges Bank Investment Management (NBIM), the world’s largest sovereign wealth fund, has an indirect exposure to Bitcoin worth over $355 million. By the end of 2024, the fund held 3,821 BTC, a 153% increase from the previous year’s 1,507 BTC. This exposure has grown significantly since 2020 when it was just 796 BTC. The fund’s investments also include stakes in crypto-related companies like MicroStrategy, Tesla, Coinbase, Metaplanet, and MARA Holdings. Notably, NBIM holds a 0.72% stake in MicroStrategy, valued at $500 million, and a 1.1% stake in Tesla. The fund’s record annual profit of $222.4 billion in 2024 was driven by the AI boom, but its indirect Bitcoin exposure highlights a growing interest in cryptocurrencies.
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