Norway’s Wealth Fund Expands Bitcoin Exposure to 7161 BTC
The Norwegian sovereign wealth fund has seen its indirect exposure to Bitcoin rise significantly, reaching 7161 BTC as of June 30. Its Strategy holdings surpassed $1 billion, indicating robust interest in digital assets. Additionally, the fund has made strategic investments in various companies like Block and Coinbase. This expansion into cryptocurrency reflects a broader trend of institutional investment in Bitcoin, as more entities recognize its potential as a digital store of value. Observers are keen to see how this impacts the market as institutions increasingly embrace Bitcoin as part of their portfolios.