K33 Report: Norway Indirectly Owns $150M+ in Bitcoin
Norway’s $1.8 trillion Government Pension Fund Global (GPFG) increased its indirect Bitcoin exposure by 153% in 2024, reaching 3,821 BTC, according to K33 Research.
The growth stems from GPFG’s investments in companies like MicroStrategy, Riot Platforms, and Coinbase, which hold Bitcoin in their treasuries. This surge, from 1,507 BTC in 2023, reflects both market maturity and Bitcoin’s rising value, with exposure jumping from $64 million to $357 million.
K33’s head of research, Vetle Lunde, noted that this exposure likely results from sector-based investment strategies rather than a direct push for Bitcoin.
Clever Robot News Desk 1st February 2025
