The indirect Bitcoin exposure of the Norwegian sovereign wealth fund has reached 9,573 BTC, with an annual growth of 149%

According to The Block, the indirect Bitcoin holdings of Norway's sovereign wealth fund grew by 149% in 2025, reaching 9,573 Bitcoins. This data was provided by K33's research director, Vetle Lunde.

According to K33's analysis, by the end of 2025, the indirect Bitcoin exposure of the Norwegian Central Bank Investment Management (NBIM) was valued at $837 million, with 81% coming from its investment strategy.

In addition, NBIM also holds shares in related companies such as MARA, Metaplanet, Coinbase, and Block.