Norway's Sovereign Wealth Fund Invests Big in BitMine for Ethereum Exposure

Norway's Government Pension Fund Global has made a significant investment in BitMine Immersion Technologies, holding approximately 6.15 million shares valued at $81.87 million as of June 30.

This investment provides indirect exposure to Ethereum through a publicly listed company, indicating growing confidence in the long-term potential of Ethereum as a foundational layer for digital asset investment.

The fund's year-end 2025 holdings report did not disclose this investment, suggesting that it may be a recent development.