Norway boosts Bitcoin exposure via MicroStrategy stock

The Central Bank of Norway holds more than $ 500 million in indirect Bitcoin exposure thanks to investments in the microstrate and other companies focused on cryptocurrency.

According to K33 Research, the indirect exposure of Norway to Bitcoin (BTC) has almost tripled in the past 12 months due to the increased allowance for companies related to crypto.

Vetle Lunde, K33 Reform of Research in K33, wrote that the Norway Sovereign Wealth Fund holds 0.72% of the total microstrategy shares, worth around 514 million dollars in December 2024. This investment results in an indirect exposure of around 3,214 bitcoin.

While the Norwegian Central Bank has invested in Microstrategy since 2009, the trend accelerated last year when the company cemented its position as Bitcoin company holder, according to Lunde. Microstrategy remains the largest investment linked to the cryptocurrency of the sovereign fund of Norway. The fund is supervised by the central bank and managed by Norges Bank Investment Management.

In addition to microstrategy, Norges Bank Investment Management also has actions of other companies with exhibition in Bitcoin. These include Tesla, Bitcoin Digital Marathon Extraction Companies and Riot Platforms, Cryptocurrency Exchange Coinbase and Metaplanet, based in Tokyo.

Together, these investments represent more than $ 61 million in indirect exposure to bitcoin. LUNDE noted that Norges Bank Investment Management’s investment strategy probably follows the weight -based sector weighting rather than a direct Bitcoin acquisition plan.

However, Lunde also underlined the unusual nature of some of the investment choices of Norges Bank Investment Management, suggesting that Bitcoin is increasingly finding its way in institutional portfolios in the world.

Norway’s interest in companies with important Bitcoin funds drew attention last year. In August, documents revealed that central banks in Norway and Switzerland makes substantial investments In microstrategy actions, coinciding with an increase in Bitcoin purchases by the company based in Tysons Corner.