Investing in Bitcoin through funds and companies
Norway's Norges Bank Investment Management (NBIM), the world's largest sovereign wealth fund, has significantly increased its indirect bitcoin exposure in 2025. According to a report by The Block, NBIM's portfolio includes 9,573 BTC, which is a 149% increase from the previous year.
These investments are made through various funds and companies, which account for 81% of NBIM's total indirect bitcoin exposure, valued at $837 million. In addition to strategic accounts, the fund also holds shares in companies such as Mara, Metaplanet, Coinbase, and Block.
It's worth noting that indirect ownership of cryptocurrencies through investments in public companies and exchange-traded funds (ETFs) is becoming an increasingly common practice among large institutional investors. This allows them to gain exposure to the rapidly growing digital asset market without directly holding cryptocurrencies.
At the same time, such investments carry certain risks related to the volatility of the cryptocurrency market and the dependence on the success of the companies in which the fund invests. Nevertheless, major players like NBIM continue to increase their presence in this sector, viewing it as a promising direction for diversifying their investment portfolios.