Government Fund Global (GPFG), indirect Bitcoin $105,198.9 It has increased its investments by 153 percent in the last year. The total indirect crypto currency position of the fund reached 3,821 BTC. Finance Research Company K33 announced that this growth stems from the increase in Bitcoin’s adoption at the institutional level. The fund, directed by the Central Bank of Norway, does not receive Bitcoin directly, but invests in crypto money -oriented companies.
Indirect Bitcoin Strategy and Company Investments of the Fund
NBIM does not add Bitcoin directly to its portfolio. Instead, it has a share in companies that focus on the crypto money market such as Microstrategy, Coinbase and Japan -based metaplanet. Each of the investments in Microstrategy and Coinbase is $ 500 million. The Fund also supports small -scale companies such as Mara Holdings.
The indirect position, which was equivalent to 796 BTC in 2020, rose to 3,821 BTC at the end of 2024. This increase is directly linked to the strong rise in the share performance of the companies in question. In particular, Microstrategy’s increasing Bitcoin purchases and Coinbase’s leading position on the crypto currency exchange expanded the indirect exposure of the fund.
Corporate adoption and market dynamics
K33 Research President Vetle Lunde stressed that the Norwegian fund is not in a special focus on Bitcoin. Lunde said, “This exposure is an automatic result of sector weighting. It is not a deliberate choice that prioritizes Bitcoin. ” The increasing interest of corporate investors to the crypto currency market prepared the ground for the fund to expand its indirect positions.
Nicolai Tangen, CEO of NBIM, said that 2024 is a “extraordinary year” thanks to technology shares. The fund made a record profit of $ 222 billion during the year. The most important part of this profit came from the performance of technology giants such as Nvidia and Microsoft, as well as crypto currency companies.
Bitcoin’s presence in traditional portfolios is increasing. Corporate investors are turning to relevant companies instead of directing crypto money. This trend accelerates the process of integration of the crypto money market with the financial system.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
