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World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin

Published 09/20/2020, 12:41 PM
Updated 09/21/2020, 03:20 PM
World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin

The Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares. It is considered the world's largest sovereign wealth fund. According to Arcane Research’s report on Sept. 19, the fund also owns almost 600 Bitcoin (BTC) through its investment holdings.

Arcane Research analysis data shows that the Norwegian oil fund has 577.6 BTC through its investment in business intelligence firm MicroStrategy. This puts the company’s portfolio in BTC at around $6.3 million. The Norwegian Government Pension Fund has a 1.51% stake in MicroStrategy.

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