World’s Largest Sovereign Fund Goes Big on Bitcoin—Exposure Jumps 83%

In a bold move, Norway’s massive $1.7 trillion sovereign wealth fund ramped up its Bitcoin exposure by 83% last quarter, according to Standard Chartered.

Geoffrey Kendrick, the bank’s digital assets research chief, dug into SEC filings and discovered that Norges Bank Investment Management—the fund’s manager—expanded its Bitcoin-linked holdings from 6,200 to 11,400 BTC.

The fund primarily achieved this by increasing its stake in MicroStrategy (MSTR), the corporate Bitcoin heavyweight, while also dipping into Metaplanet, Japan’s answer to MicroStrategy.

“This isn’t just incremental growth—it’s a strategic bet,” Kendrick said. “An 83% jump in one quarter shows Norway’s fund is serious about gaining Bitcoin exposure, even if indirectly.”