Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has reported an indirect exposure to over $355 million in Bitcoin as of the end of 2024. According to K33 Research, this marks a substantial increase of 153% from the previous year. The fund's indirect exposure is attributed largely to its investments in companies involved in the Bitcoin ecosystem, including major players like MicroStrategy and Coinbase. This significant rise in investment reflects broader trends of institutional adoption of Bitcoin and cryptocurrency, emphasizing the growing integration of digital assets into conventional investment portfolios. James Van Straten, a Senior Analyst at CoinDesk, provided insights into the fund's strategy and the macroeconomic implications of such investments. He has previously worked in on-chain analytics and advises on Bitcoin treasury strategy.

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