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BTC

Norway’s Wealth Fund Boosts Indirect Bitcoin Holdings — Institutional Endorsement

I view K33 Research’s report that Norway’s sovereign wealth fund now indirectly holds 7,161 Bitcoin as a meaningful institutional endorsement of Bitcoin’s role as an investable asset.

The 192% increase in indirect exposure — routed through holdings in companies like Coinbase and MicroStrategy — shows growing institutional appetite even when the fund avoids direct spot allocation.

I see this as supportive for Bitcoin’s legitimacy and medium-term price resilience, while noting the exposure is indirect and carries different risks than direct custody.

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Analysis

The move reflects portfolio-level Bitcoin exposure achieved through equity stakes and platform exposure rather than direct spot purchases. Indirect holdings lower custody and regulatory friction but a...

Recommendation

I recommend a constructive stance: consider adding modest BTC exposure or crypto-equity positions, prioritize regulated avenues (Coinbase, GBTC alternatives, or direct custody), and size positions pru...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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