Norway doubled its exposure to Bitcoin in the last year

Norway's sovereign wealth fund has increased its exposure to Bitcoin by 149% over the past 12 months, through strategic investments in crypto treasury companies such as Strategy and Metaplanet.

Considered the world's largest public investment fund, the Government Pension Fund Global During 2025, it strengthened its role within the digital asset ecosystem. Without making any fanfare, the fund managed by Norges Bank Investment Management (NBIM) increased its indirect exposure to Bitcoin by 149%, reaching a value equivalent to 9.573 BTC compared to 3.839 BTC the previous year.

Instead of opting for direct cryptocurrency purchases, NBIM continued with an institutional approach that balances innovation and prudence. Its strategy relies on investments in international companies that hold Bitcoin on their balance sheets, allowing it to capture the growth of the crypto market without deviating from its long-term investment philosophy.

This model turns every Norwegian citizen into indirect owner of a small portion of Bitcoinintegrating the technological evolution of the financial sector into the national economy. With this, Norway consolidates its position as a country committed to digitalization and the responsible incorporation of new forms of value into its economic system.

Norway's sovereign wealth fund reinforces its confidence in Bitcoin

An analysis by K33 Research indicates that much of Norway's sovereign wealth fund's exposure to Bitcoin comes from companies like Strategy and Metaplanet, two players that have strongly supported the institutional adoption of this digital asset.

Strategy remains the world's largest corporate Bitcoin holder, with the Norwegian fund's stake in the company amounting to approximately 7.801 BTC. Meanwhile, the Japanese company Metaplanet has become a key component of this financial strategy, as the fund currently controls 1,69% of its shares, representing an additional 593 BTC.

These investments have fueled sustained growth in the Norwegian fund's indirect exposure to digital assets, even amidst digital market volatility. This was highlighted by Vetle Lunde, head of research at K33 Research, who noted that Norway's position demonstrates how Bitcoin is gaining ground within institutional portfolios seeking a balance between risk and return over the long term.

During 2025, the fund's total exposure reached 9.573 BTC, representing a 149% increase compared to the previous year. Even though Bitcoin's price went through a correction period, trading below $80.000 per unit, institutional interest remained strong, reinforcing the perception that digital assets continue to solidify their position as a relevant investment class in the world's most diversified portfolios.

Metaplanet reaches a new milestone with the support of NBIM

Norway's sovereign wealth fund, recognized as the world's largest with over two trillion dollars in assets, announced its support for five proposals presented by Metaplanet during its extraordinary general meeting on December 22. The news was officially released by the fund itself and generated an immediate reaction in the markets, significantly boosting the value of the Japanese company's shares.

According to analyst Dylan LeClair, a Bitcoin specialist, the the decision The fund's allocation reflects growing institutional interest in Metaplanet's strategy. The company has focused on strengthening its financial position through the accumulation of digital assets. Among the measures approved is the amendment to the Articles of Association to increase the authorized capital of Class A and B shares, a step aimed at sustaining its long-term expansion.

Metaplanet maintains a clear policy of integrating Bitcoin into its corporate structure. Having surpassed its goal of 21.000 BTC by 2026, the company currently holds 35.102 Bitcoin in its treasury, equivalent to approximately $2.920 billion, according to figures published by Bitcoin Treasuries. With these reserves, it ranks as the fourth largest publicly traded company in the world in terms of Bitcoin holdings, behind only Strategy, MARA Holdings, and Twenty One Capital.

The backing of the Norwegian fund reinforces Metaplanet's recognition as one of the corporations driving the institutional adoption of Bitcoin and helps consolidate its role in the process of integrating the digital asset into the global financial system.