ChainCatcher news, Norway's sovereign wealth fund's ethical oversight body will investigate companies in the fund's portfolio (including those in the cryptocurrency sector) next year to determine if there are any ethical violations. If issues are confirmed, the fund may choose to divest from these entities.The Government Pension Fund Global is the largest sovereign wealth fund in the world, managing assets worth $1.8 trillion. The fund was established to manage surplus revenues from the oil and gas industry, aiming to ensure financial stability for future generations through diversified global investments.The agency reviewed an ethical committee document sent to the Ministry of Finance on October 10. The document indicated that in 2025, the ethical committee will investigate companies involved in cryptocurrencies and gambling due to their high money laundering risks.It is reported that the fund has increased its cryptocurrency investments, purchasing a 0.83% stake in Coinbase, valued at $453 million. It has also acquired shares in Marathon Strategy, Block, and Marathon Digital.

ChainCatcher news reports that Vetle Lundle, a senior analyst at 33 Research, stated that the world's largest sovereign wealth fund, the Norwegian Sovereign Wealth Fund, may have indirectly increased its Bitcoin investment (currently valued at over $144 million) unintentionally. If this was a deliberate move to expose the fund to more Bitcoin, it perfectly illustrates how Bitcoin as an asset is maturing and integrating into any diversified investment portfolio.The indirect investment comes from increased investments in companies that hold Bitcoin. For example, the fund adjusted its holdings in MicroStrategy, making it 0.89% of its total investment portfolio. Additionally, the fund has increased its stakes in Coinbase and Block Inc (formerly Square) and has begun investing in the mining company Marathon Digital.

ChainCatcher message, according to data from K33 Research, the Norwegian sovereign wealth fund (NBIM) currently holds 2,446 BTC indirectly through investments in technology companies that hold cryptocurrencies.Since December 31, 2023, its "holding value" has been slightly above $143 million, increasing by 938 BTC.

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%."