Norway’s sovereign wealth fund, valued at 1.9 trillion USD, increased its indirect Bitcoin holdings to 7,161 BTC in Q2 2025. This is a significant 192% rise from 2,446 BTC the previous year, driven mainly by investments in companies with a strong Bitcoin presence.
The fund’s strategy includes stakes in firms like Marathon Holdings and Strategy. Additionally, it holds shares in Block, Coinbase, and Metaplanet, the largest Bitcoin treasury holder in Japan, thereby diversifying its portfolio without direct crypto investments.
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