The Norwegian Sovereign Wealth Fund Holds Significant Amounts of Bitcoin Through Diversified Investments
Publication Time:2024-08-14 16:31:08
In its most recent financial report, the Norwegian Sovereign Wealth Fund (NBIM) disclosed that by the end of 2024, it indirectly held approximately 2,446 Bitcoin through its diversified investment portfolio, marking an increase of around 938 coins from the end of 2023. This growth is primarily attributed to several key changes: - The exposure to Bitcoin via MicroStrategy significantly increased from 6.7% to 8.9%, owing to the company's heightened investment in cryptocurrencies during the first half of 2024. - Marathon Digital saw its share increase from zero to 0.82%, reflecting the fund's acknowledgment of the company's potential value and trends within the crypto market. - Coinbase's share also grew from 4.9% to 8.3%, indicating ongoing attention from the fund towards global cryptocurrency trading platforms. - The share in Block Inc (previously Square) rose from 10.9% to 12.8%, demonstrating confidence in the company's strategic investments in the crypto sector as a leading player in payments and fintech. These figures highlight the Norwegian Sovereign Wealth Fund's active positioning and strategic investments in the crypto space, aiming to leverage opportunities in global financial markets for diversified asset allocation and growth.
MicroStrategy
Coinbase
Marathon Digital
Bitcoin Holdings
Block Inc
Norwegian Sovereign Wealth Fund
Indirect investment