🗣Norway’s Sovereign Wealth Fund Increases Bitcoin Holdings
Norway’s Sovereign Wealth Fund, managed by Norges Bank Investment Management, has expanded its Bitcoin exposure through investments in companies linked to the crypto market. The fund now indirectly holds 2,446 BTC, up by 938 BTC since December 2023.
This increase represents a 62% growth in Bitcoin holdings, equating to around $27 per citizen. Experts suggest this growth is likely due to diversification strategies rather than a deliberate move to accumulate Bitcoin.
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