According to ChainCatcher, Vetle Lundle, senior analyst at 33 Research, said that the indirect increase in Bitcoin investment (currently worth more than $144 million) by the Norwegian Sovereign Wealth Fund, the world's largest sovereign wealth fund, may not be intentional. If this is a deliberate attempt to expose the fund to more Bitcoin, the move perfectly illustrates how Bitcoin is maturing as an asset and integrating into any diversified investment portfolio.
Indirect investments come from increasing exposure to companies that hold Bitcoin. For example, the fund adjusted its holdings of MicroStrategy shares to 0.89% of its total portfolio. In addition, the fund also increased its holdings of Coinbase and Block Inc (formerly Square) and began investing in mining company Marathon Digital.