Norwegian sovereign wealth fund increased its indirect Bitcoin exposure by 149% in 2025

The Norway sovereign wealth fund increased its BTC holdings to 9,573 BTC in 2025, representing a 149% surge in overall exposure. Data from research firm K33 shows that the company does not have any direct Bitcoin holdings but does hold significant shares in crypto companies such as Coinbase and Strategy.

Norway’s central bank controls the investment activities of the country’s sovereign wealth fund, the Government Pension Fund Global. The management services are provided by the central bank’s subsidiary, Norges Bank Investment Management (NBIM), which Cryptopolitan reported operates as a separate unit within the central bank under the direction of the Norwegian Ministry of Finance. The fund is one of the world’s most significant sovereign wealth funds, with over $2 trillion in assets under management, primarily invested in bonds, global equities, and real estate.