Norway’s sovereign wealth fund has amplified its indirect Bitcoin holdings by 153%, totaling 3,821 BTC or 356 million USD. This growth is noted as a reflection of market dynamics rather than a targeted strategy toward Bitcoin.

The fund’s investments encompass MicroStrategy, Coinbase, and Bitcoin mining firms like Riot Platforms. The direct involvement in such companies underscores Norway’s approach towards enhancing its crypto portfolio.

In 2024, the sovereign wealth fund recorded profits of 222 billion USD primarily attributed to technological investments. This record earning further propels the fund’s engagement in the cryptocurrency landscape.