Norway’s Sovereign Wealth Fund Ramps Up Bitcoin Bet with 83% Q2 Increase
Standard Chartered reports that Norway’s $1.7 trillion sovereign wealth fund, the world’s largest, aggressively increased its Bitcoin exposure in Q2.
Geoffrey Kendrick, the bank’s digital assets research lead, revealed that Norges Bank Investment Management—the fund’s manager—expanded its Bitcoin-equivalent holdings from 6,200 to 11,400 BTC, marking an 83% surge.
Kendrick’s analysis of SEC 13F filings showed the fund boosted its stakes in MicroStrategy (MSTR) and Metaplanet, a Japanese firm often compared to MicroStrategy due to its Bitcoin-focused strategy. While the majority of exposure remains in MicroStrategy, the fund added roughly 200 BTC-equivalent via Metaplanet.
“This isn’t passive accumulation—it’s a deliberate strategy,” Kendrick noted. “An 83% increase in a single quarter signals strong institutional interest in Bitcoin through indirect holdings.”
