Norway’s Sovereign Wealth Fund, also known as the largest wealth fund in the world, has increased its indirect investment in Bitcoin by 192% in the second quarter of 2025. The total Bitcoin holdings now amount to 7,161 BTC or approximately USD 844 million, equivalent to around Rp 13.60 trillion when converted to Indonesian Rupiah. This increase was not made through direct Bitcoin purchases, but rather by investing in companies that hold significant reserves of Bitcoin, such as Strategy (formerly MicroStrategy) and Marathon Digital.
By taking this approach, the fund gains exposure to Bitcoin without having to hold the crypto asset directly. This move signals a growing acceptance of Bitcoin as part of the investment strategy for large institutions. Analysts believe that this decision could encourage asset managers and other institutional investors to start considering Bitcoin in their portfolios. According to Vetle Lunde, a Senior Analyst at K33 Research, the increase in indirect exposure like this indicates a major trend where Bitcoin is starting to become a mainstream financial strategy.
Historical data shows that purchasing shares in companies with significant Bitcoin holdings often leads to positive signals for Bitcoin prices. However, since this is an indirect investment, these movements are not directly reflected in on-chain blockchain transaction data. Many analysts predict that this trend will continue, with more large institutions incorporating Bitcoin into their long-term investment strategies.
