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Norges Bank Investment Management (NBIM), the world's largest sovereign wealth fund, disclosed a 0.72% ownership stake in MicroStrategy, which was worth $514 million as of December 31, 2024.
JUST IN: 🇳🇴 Norway’s Central Bank’s fund reveals owning $500 million of MicroStrategy shares. pic.twitter.com/FiFzxJcIOg
— Bitcoin Magazine (@BitcoinMagazine) January 30, 2025
If NBIM hasn't sold any of its MicroStrategy stock, its MSTR holdings are now worth significantly more, as MSTR is up 13.75% since the start of the year.
Although MicroStrategy is nominally a business intelligence company, investors are primarily interested in it due to its huge exposure to Bitcoin. Starting in August 2020, the company has been regularly accumulating Bitcoin, and now holds a whopping 471,107 BTC, which is roughly 2.37% of the Bitcoin supply. In dollar terms, MicroStrategy's Bitcoin holdings are worth $49.5 billion.
NBIM has $355 million in indirect exposure to Bitcoin
According to K33 Research, the NBIM fund has around $355 million worth of indirect exposure to Bitcoin. This is a tiny figure compared to the fund's total assets, which stand at around $1.8 trillion. The research firm estimates that NBIM's indirect exposure to Bitcoin grew by 153% between 2023 and 2024.
The Norwegian sovereign wealth fund (NBIM) indirectly holds 3,821 BTC, reflecting an increase of 1,375 BTC since June 30, 2024, and a yearly growth of 2,314 BTC—a 153% increase compared to its end-of-year 2023 holdings.
— Vetle Lunde (@VetleLunde) January 29, 2025
It is important to highlight that this exposure likely… pic.twitter.com/seQ12cM2Rn
After a 3.2% increase in the last 7 days, Bitcoin is now changing hands at roughly $104,900, not too far from its historical peak of $109,080.