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5 Comments
tldr; Norway’s $1.7 trillion sovereign wealth fund, managed by Norges Bank Investment Management, has increased its indirect exposure to Bitcoin by 62% in the first half of 2024. This was achieved by expanding investments in crypto-related companies such as Coinbase, Marathon Strategy, Block Inc., and Marathon Digital. As a result, the fund now holds 2,446 BTC, valued at approximately $142.9 million, equating to about $27 worth of Bitcoin for each of Norway’s 5.5 million residents. This move underscores Bitcoin’s growing presence in diversified investment portfolios.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I didnt know Norway had so many whales. $27… who even has that kind of money
$27 today, $270 next year
Wish my country had a sovereign wealth fund.
This is why the Norwegians are the happiest people on Earth.