The financial research company K33 states that this growth reflects the increase in companies and institutions more commonly, not because the fund intentionally increased the exposure to bitcoin.
The fund saw the record -related profits of the $ 220 billion in 2024. This was mainly promoted by the performance of high -tech stocks in the past 12 to 24 months.
According to data from financial research companies, the K33 is the world’s largest Sobulinwels Fund, Norwegian government pension fund global, and an indirect exposure to Bitcoin is equivalent to an additional 2,314 BTC in the past year. The fund indirect bitcoin of the fund is currently in 3,821 BTC.
Since 2020, the funds to the funds to indirect bitcoin have increased from 796 BTCs, which have been evaluated as $ 23 million ($ 37 million), and only $ 350 million ($ 563 million ($ 563 million) by the end of 2024. )
The fund managed by Norges Bank Investment Management (NBIM) does not have a direct bitcoin, but has a large holding of encrypted companies such as Microstrategy, Coinbase, and Metaplanet. For the past year, it is good for many companies that have been exposed to many cipher, which has greatly increased the indirect bitcoin exposure of the Norwegian Fund.
In the X / Twitter post, K33’s researcher, Vetle Lunde, stressed that the Norwegian Fund is particularly likely to increase the number of exposure to Bitcoin.


Related: Metaplanet will set a record with BTC’s largest stock ray, as Microstrategy has announced the provision of Strike Preferred Stock.
K33 says that the cipher is mature and is widely used.
K33 indicates that the increase in the exposure of the Norwegian fund to bitcoin indicates that bitcoin is fully adopted, and the appropriately diversified portfolio is probably indirectly exposed to OG cryptocurrency. Is shown.


So what kind of encryption shares do this fund have? The data from the NBIM website indicates that the largest encryption -related stock of the fund is a micro strategy and coin -based holding of about $ 500 million ($ 83.7 million) of these strains. I am. The small crypto -related shares contain about $ 46 million ($ 74 million) and a metaplanet of $ 4.5 million ($ 7.23 million).
It also has a $ 14 billion of $ 14 billion ($ 22.5 billion), and Tesla has a bitcoin, but is not particularly encrypted as other companies.
Related: The world’s largest state pension fund buys “intentionally” bitcoin
According to the K33, the increase in funds to the fund indirectly to bitcoin means that at the end of 2024, the Bitcoin is equivalent to 68,837 SAT ($ 64) for each Norwegian citizen.
In 2024, the fund’s profit increased the 2222 billion dollars ($ 357 billion), marking record profits for the second consecutive year. Nikolai Tangen, who talked to NBIM’s CEO Reuters, said that 2024 was a “very strong year” and many of the profits were promoted by “large -scale profits from technology” over the past few years. I mentioned.