K33 Research: The Norwegian Sovereign Wealth Fund indirectly holds 2,446 BTC, an increase of 938 coins compared to the end of last year

ChainCatcher news, K33 Research senior analyst Vetle Lunde stated on the X platform: "The Norwegian sovereign wealth fund (NBIM) indirectly holds 2,446 bitcoins, an increase of 938 since December 31, 2023. This growth is likely due to a predetermined algorithm-based sector weight allocation and risk diversification strategy. It is unlikely to be a deliberate choice to increase bitcoin exposure—if increasing bitcoin exposure were the goal, we would see more evidence of direct exposure initiatives (and significantly larger exposure).

Nevertheless, this perfectly illustrates how bitcoin as an asset is maturing and being incorporated into any diversified portfolio. Thanks to the corporate bitcoin reserve strategies promoted by Michael Saylor, Jack Dorsey, Fred Thiel, and others, by the end of the first half of 2024, the average Norwegian indirectly holds 44,476 "satoshis" (approximately $27) of bitcoin.

The growth in indirect exposure comes from: an increase in exposure to MicroStrategy from 0.67% to 0.89%; MicroStrategy increased its exposure by 37,181 bitcoins in the first half of 2024; exposure to Marathon Digital increased from zero to 0.82%; exposure to Coinbase increased from 0.49% to 0.83%; exposure to Block Inc increased from 1.09% to 1.28%."