Norwegian sovereign fund's indirect holdings in Bitcoin increased by 192%, totaling $844 million.

Norway's largest sovereign wealth fund has significantly increased its indirect holdings of Bitcoin this year. According to the latest statistics, the fund currently holds 7,161 Bitcoins indirectly, a rise of 192% compared to 3,821 Bitcoins at the end of last year. At current market prices, the total value of these Bitcoins is approximately $844 million.

This increase is mainly achieved through investments in some publicly listed companies that have significant holdings in Bitcoin. Among them, the investment in a certain technology company contributed 3,005.5 Bitcoins to the fund, while the investment in a certain digital mining company contributed 216.4 Bitcoins. In addition, a certain payment company, a certain cryptocurrency exchange platform, and a certain company in Japan indirectly added 85.1, 57.2, and 50.8 Bitcoins to the fund, respectively.

Analysts point out that the practice of indirectly increasing digital asset allocation by holding stocks of Bitcoin reserve companies is becoming a common strategy for institutional investors entering the cryptocurrency market. This not only reduces the risk of directly holding cryptocurrencies but also allows for exposure to the cryptocurrency market without violating existing investment mandates.

This trend reflects that even traditional large institutional investors are seeking ways to gain exposure to the cryptocurrency market, even though they may still maintain a cautious attitude. As the cryptocurrency market continues to mature and the regulatory environment gradually becomes clearer, we may see more similar institutional investment behaviors.