Norway’s Sovereign Wealth Fund Quietly Boosts Bitcoin Exposure

Though not by outright purchasing it, Norway’s enormous sovereign wealth fund, the largest in the world, is becoming more involved with Bitcoin. Coinbase, Metaplanet, and MicroStrategy are investing in the fund instead, and they already have substantial Bitcoin reserves. Its indirect Bitcoin exposure has increased 192% over the last year, according to K33 research, and is currently associated with 7,161 BTC. It’s a subtle but telling indication that even the most established state-backed funds are beginning to embrace cryptocurrency.