Norway’s sovereign fund increased its indirect Bitcoin investment (BTCK33 Research reports that the exposure to cryptocurrencies has grown by 192% during the past 12 months.
You can also find out more about the following: fund Its investment portfolio includes the treasury companies Strategy and Metaplanet, as well as crypto exchange Coinbase.
The fund owns over 11,9 billion Norwegian krone (US$1.2 billion) worth of Strategy shares. 133% increase from 2024. In a similar way, since 2024 the fund increased its Coinbase investments by more than 96%.
Norway’s increasing BTC holds reflect a wider trend in sovereign wealth funds gaining indirect exposure BTC is integrated in the system of traditional finance through corporate proxies and BTC-based investment vehicles.
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Sovereign wealth funds and sovereign states enter the crypto game via the side-door
Managers of state and sovereign pension funds must invest exclusively in asset classes that are predefined, including fixed-income securities (such as bonds), corporate bonds and equity.
Due to these restrictions, those fund managers that want exposure in Bitcoin and other crypto currencies must do so indirectly through a vehicle such as an ETF (exchange-traded funds), corporate bonds or an alternative investment like Strategy.
State Investment Board of Wisconsin (SWIB) is the US State’s Pension System. It was the nation’s first pension fund at the state level. disclose indirect Bitcoin exposure Through a $164,000,000 investment in BTC ETFs.
SWIB announced that in February its BTC assets had nearly doubled. surging to over $321 millionA Securities and Exchange Commission report says that. filing.
Pension manager sold off BTC holdings BTC Proxy Strategy retained $50 Million in its position as of May.
The Kazakhstan sovereign wealth Fund announced its plans in July to build a new embassy. convert a portion of its assets The crypto.
Timur Suleimenov said, the National Bank of Kazakhstan’s head, that this prospective move is meant to generate additional investment income for its wealth fund. In addition, the government has also explored the conversion of other assets such as foreign currency and gold reserves into crypto.
Magazine: Pakistan will deploy Bitcoin reserve in DeFi for yield, says Bilal Bin Saqib
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Source: cointelegraph.com
