📢 Hello everyone! Today we are going to talk about an interesting crypto story: the latest developments of the Norwegian Sovereign Wealth Fund (NBIM) on Bitcoin!
On August 14, Vetle Lunde, a senior analyst at K33 Research, revealed some interesting data on the X platform: As of December 31, 2023, the number of bitcoins indirectly held by the Norwegian Sovereign Wealth Fund increased from 1,508 to 2,446, an increase of 938! Does this sound amazing? However, Lunde pointed out that this increase is likely due to a predetermined algorithm-based sector weight allocation and risk diversification strategy, rather than an intentional choice to increase Bitcoin exposure.
What does this mean? Simply put, the Norwegian Sovereign Wealth Fund is not actively buying Bitcoin, but indirectly holding more Bitcoin through some investment strategies. Nevertheless, this also reflects from the side that Bitcoin is gradually maturing as an asset and being included in a diversified investment portfolio. Do you think Bitcoin is becoming more and more like a "regular army"?
It is worth mentioning that, thanks to the promotion of some bigwigs, such as Michael Saylor, Jack Dorsey and Fred Thiel, the number of Bitcoin "satoshis" indirectly held by Norwegians per capita has reached 44,476 satoshis (about 27 US dollars). Does this make you more excited about the future of Bitcoin?
Specifically, the indirect exposure growth of the Norwegian sovereign wealth fund mainly comes from the following aspects:
- Exposure to MicroStrategy increased from 0.67% to 0.89%, and MicroStrategy increased its exposure to 37,181 bitcoins in the first half of 2024.
- Exposure to Marathon Digital increased from nothing to 0.82%.
- Exposure to Coinbase increased from 0.49% to 0.83%.
- Exposure to Block Inc increased from 1.09% to 1.28%.
Do these data give you new thoughts on Bitcoin investment strategies? Welcome to share your views and insights in the comment section! 📈
In general, although the Norwegian sovereign wealth fund did not directly buy large amounts of Bitcoin, their Bitcoin holdings have been steadily increasing through some indirect investment strategies. This may be a signal that Bitcoin is gradually being accepted by the mainstream financial market. What do you think of this indirect holding method?Are you also tempted to join this group? Come to the comment section to discuss with us!
Looking forward to your wonderful comments and interactions! Let us pay attention to the encryption story and gain insight into the latest developments in the blockchain industry!
