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Enjoy your coffee while the world's largest sovereign wealth fund has just made a stealthy but dramatic move into Bitcoin (BTC), and although the details may seem small, the impact could be significant.
Cryptocurrency News of the Day: World's Largest Asset Fund Makes Bold Move with 83% Bitcoin
Norway's sovereign wealth fund, the world's largest, has significantly increased its exposure to Bitcoin, amid a quiet but important institutional shift towards this pioneering crypto.
Norges Bank Investment Management (NBIM) increased its Bitcoin-equivalent holdings by 83% in the second quarter (Q2) of 2025. Notably, NBIM manages an investment portfolio worth 1.6 trillion USD from Norway's oil revenues.
The fund's exposure increased from 6,200 to 11,400 equivalent BTC. Most of NBIM's Bitcoin exposure is held indirectly through MicroStrategy (MSTR) stocks, the largest Bitcoin-holding company.
However, NBIM has also started a smaller position, equivalent to 200 BTC, in Japan's Metaplanet.
Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, noted the significance of this move in a statement to BeInCrypto.
"I just ran my usual 13F spreadsheet for BTC ETFs, MSTR and Metaplanet... The most interesting detail, so far, this time is Norges Bank Investment Management buying MSTR and Metaplanet," Kendrick said in a statement.
Although NBIM has not made any public statement about this increase, the move occurs amid a wave of institutional participation in Bitcoin through listed stocks and ETFs.
Sovereign wealth funds, in particular, are considered long-term, strategically cautious investments. This makes the significant increase in exposure noteworthy.
This timing coincides with Bitcoin's steady price increase in the past quarter. Driving factors include strong capital inflows into ETFs and increasing acceptance by companies and governments. Other factors include macroeconomic uncertainties.
For NBIM, mandated to ensure long-term returns for future generations of Norway, Bitcoin allocation represents only a small portion of their total assets.
However, as indicated in a recent US Crypto News publication, it could be a strategic hedge against currency value decline and geopolitical risks.
NBIM's latest move may not be an isolated case. Industry analysts point to an increasing trend among sovereign wealth funds and large pension fund managers.
As BeInCrypto has reported, some of these institutions are quietly exploring Bitcoin as part of a diversified long-term investment portfolio.
If maintained, these stealthy but decisive allocations could increase Bitcoin's liquidation profile and institutional credibility. This transition could mark the early stage of Bitcoin acceptance supported by sovereign wealth funds.
Chart of the Day
Public Companies Holding Bitcoin. Source: Bitcoin TreasuriesByte-Sized Alpha
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