Norway’s Sovereign Wealth Fund, the largest state-directed wealth fund in the world, increased its indirect bitcoin (Btc) exposure by 192% last year, according to Crypto Research Research Research.
The funds has indirect exposure to 7,161 BTCs through its investment portfolio, which includes approach to treasury and metaplanet companies and crypto exchange Coinbase.
Fund is currently holding more than 11.9 billion Norwegian Krone ($ 1.2 billion) of strategy stock, a 133% increase from 2024. Similarly, the fund has increased Coinbase handling more than 96% since 2024.
Norway’s rise in BTC handling reflects a broader trend of sovereignty wealth funds Obtaining indirect exposure Through BTC investment vehicles and corporate proxies, as the first cryptocurrency in the world is integrated into the traditional financial system.
Related: Ray Dalio sells a final bridgewater stake after predicting the debt collapse
The Sovereign and State wealth funds entered the crypto game next door
The Sovereign State and State Pension Fund is a legal mandate for managers to invest only in predetermined properties such as fixed security income, corporate bonds, equality and more.
Due to these restrictions, fund managers who want to invest in Bitcoin or other cryptocurrencies should obtain indirect exposure through an investment vehicle such as a funds exchanged (ETF), a corporate bond or a company proxy such as approach.
The state of the Wisconsin State Investment Board (SWIB), the organization that manages the United States State Pension System, is one of the first state pension funds in the country until Reveal indirect exposure to bitcoin by a $ 164 million investment in BTC ETF.
https://www.youtube.com/watch?v=Woo1nc5-3qu
In February, the swib revealed that BTC’s handling was almost double, Surging to more than $ 321 millionAccording to a Securities and Exchange Commission (SEC) File.
The manager of the pension BTC handles sold In May but maintained a $ 50 million position in the BTC proxy strategy.
Kazakhstan’s Sovereign Wealth Fund announced in July this plan I -Convert a portion of its possessions In Crypto.
Timur Suleimenov, head of the National Bank of Kazakhstan, said the prospect move was intended to generate more investment revenue for wealth funds, and the government also explored the converting other owners such as gold and foreign currency reserves to Crypto.
Magazine: Pakistan will put Bitcoin Reserve on Defi for Ani, says Bilal Bin Saqib
