- Norway’s sovereign wealth fund, the Government Pension Fund buys almost half-a-billion dollars worth of Bitmine and Strategy shares.
- Inability to buy direct cryptocurrencies forces such funds to buy shares of treasuries for indirect exposure.
- Bitcoin and Ethereum’s rise as the future of digital wealth accelerates their adoption.
- However, a lack of clear crypto laws and international distrust of decentralization emerge as key factors in this hesitation to invest.
Norway’s Government Pension Fund Buys Half a Billion Worth of Strategy and Bitmine Shares
The Government Pension Fund of Norway (Statens Pensjonsfond) has revealed that it has $423 million in exposure to Bitcoin and Ethereum via Strategy and Bitmine shares, two of the largest Bitcoin and Ethereum Treasuries in their respective fields. The disclosure points out a massive indirect exposure to cryptocurrencies in Europe, despite other countries like Germany doing the opposite.
Norway is not a member of the European Union and is not bound by the Markets in Crypto Assets (MiCA) laws.
Why are Sovereign Funds interested in Bitcoin and Ethereum?
Sovereign Funds have been buying Bitcoin and Ethereum in multiple forms, i.e., ETFs, spot, and treasuries because of the bottom effect. These cryptocurrencies have been undervalued for much of 2026. Therefore, institutions have been buying in decent numbers despite the lack of liquidity in markets.
At BFM Times, we believe there could be a major accumulation trigger in crypto markets if there is any correction in AI markets.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
