The official OKX app features seamless multilingual interface switching, providing global users with barrier-free trading experience. Our innovative social copy trading system connects you with professional strategies, while open API supports customized q
Download for Android Download for IOS
Norway's Government Pension Fund Global (GPFG), the world's largest sovereign wealth fund with $1.4 trillion in assets, has significantly increased its indirect Bitcoin holdings through strategic investments in cryptocurrency-related companies, according to recent disclosures.
The Oslo-based fund now holds exposure equivalent to 7,161 BTC through its equity positions in MicroStrategy, Coinbase, and Japan's Metaplanet. K33 Research analysis reveals this represents a 192% year-over-year increase from 2024 levels. The fund's 【$1.2 billion】 stake in MicroStrategy alone accounts for 133% growth since last year.
——"This reflects institutional acceptance of Bitcoin as a legitimate store of value," said Vetle Lunde, senior analyst at K33 Research.——
As sovereign funds typically face investment restrictions, Norway's approach mirrors a growing trend of using corporate vehicles for crypto exposure. The GPFG's Coinbase position grew 96% year-over-year, while maintaining substantial holdings in Bitcoin-heavy firms.
Notably, the fund's strategy differs from Wisconsin's State Investment Board, which recently exited Bitcoin ETFs but kept its MicroStrategy position. Norway's consistent accumulation suggests longer-term conviction in the crypto sector's growth potential.
The move coincides with Kazakhstan's announcement to convert part of its $59 billion National Fund into digital assets. Timur Suleimenov of Kazakhstan's National Bank cited Norway's model as inspiration for diversifying beyond traditional reserves like gold and foreign currencies.
Industry observers note these developments signal Bitcoin's maturing role in institutional portfolios. With 【$321 million】 in BTC ETF investments disclosed earlier this year, Wisconsin's pension system demonstrated similar indirect exposure strategies before rebalancing.
As of August 2025 reporting, Norway's sovereign wealth fund continues avoiding direct cryptocurrency purchases while strategically increasing exposure through regulated public companies—a cautious yet progressive approach that may influence other conservative institutional investors.