Norway's $1.7 trillion sovereign wealth fund increased Bitcoin exposure by 62% in H1 2024.

Norway's $1.7 trillion sovereign wealth fund, managed by Norges Bank Investment Management, indirectly increased its Bitcoin exposure by 62% in H1 2024. The fund now owns 2,446 BTC worth around $142.9M, equivalent to $27 per Norwegian resident. This growth is driven by a 12% increase in equity investments, with tech stocks boosted by AI demand.

August 16, 2024
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