Norway's sovereign wealth fund's indirect Bitcoin exposure surges 149% to 9,573 coins by 2025

News Brief

According to The Block, Vetle Lunde, who serves as K33's Head of Research, disclosed that Norway's sovereign wealth fund experienced a remarkable 149% surge in its indirect Bitcoin exposure, reaching 9,573.00 coins by 2025. Rather than purchasing Bitcoin outright, the fund strategically channels investments through prominent companies such as Strategy, MARA, Metaplanet, Coinbase, and Block. Consequently, this approach allows the national fund to gain substantial crypto market participation, as these firms maintain Bitcoin holdings on their balance sheets—effectively providing exposure without requiring direct ownership.

PANews reported on January 30th that, according to The Block, Vetle Lunde, Head of Research at K33, stated that Norway's sovereign wealth fund's indirect Bitcoin exposure grew by 149% to 9,573 coins by 2025, with its main investments including Strategy, MARA, Metaplanet, Coinbase, and Block. Although the national fund does not directly purchase Bitcoin, many of these companies continue to hold Bitcoin.