Norway's Sovereign Fund Holds 11,549 BTC Indirectly

Norway's sovereign wealth fund, the world's largest, has significantly increased its indirect exposure to Bitcoin. According to research by K33 Research, cited in a report by The Block, the fund now holds approximately 11,549 BTC.

This marks a 60% increase year-over-year and is largely driven by the fund's stake in Strategy (formerly MicroStrategy), which has aggressively accumulated Bitcoin as its primary treasury reserve asset. The remaining exposure comes from other publicly traded companies that hold Bitcoin on their balance sheets.

The fund's growing indirect Bitcoin position reflects a broader trend of traditional institutional investors gaining exposure through equity markets rather than direct ownership, which avoids operational and regulatory complexities.