Norwegian sovereign wealth fund NBIM has increased its bitcoin holdings by approximately $149.48 million, reaching a total of 2,446 BTC.
This is 938 #MarketDownturn more than at the end of last year.
Vetle Lunde, a senior analyst at K33 Research, noted that this increase is likely the result of an automatic portfolio adjustment rather than a strategic decision to increase the #bitcoin exposure. She notes that if the fund was looking to significantly increase its bitcoin exposure, more immediate efforts and larger investments would have been evident.
the increase in bitcoin exposure also reflects a broader corporate trend influenced by MicroStrategy's Michael Saylor: companies such as #MicroStrategy , Marathon Digital and #Coinbase have increased their bitcoin exposure as a diversifying investment. Bitcoin is increasingly being used as a diversification and risk management tool.
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