Bank

Bitcoin

Block

Notable

Norwegian sovereign wealth fund Norges Bank Investment Management (NBIM) has significantly increased its indirect holdings in Bitcoin, holding 2,446 BTC as of the end of the first half of 2024. This represents an increase of 938 BTC compared to December 31, 2023. 
<h2 id="norwegian-sovereign-wealth-fund-increases-indirect-bitcoin-holdings-by-938-btc">Norwegian Sovereign Wealth Fund Increases Indirect Bitcoin Holdings by 938 BTC</h2> 
The increase in Bitcoin holdings is attributed to NBIM’s sector-weighting and risk diversification strategies rather than a deliberate move to increase Bitcoin holdings. 
The fund’s increased interest in Bitcoin reflects the broader trend toward incorporating digital assets into diversified portfolios as they mature and gain acceptance. 
The fund’s indirect access to Bitcoin, which will be worth 44,476 satoshis (sats), or about $27 per capita, by the end of the first half of 2024, was supported by various institutional treasury strategies. 
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-okx-announces-that-it-has-delisted-these-altcoins-from-margin-trading/" target="_blank" rel="dofollow">Bitcoin Exchange OKX Announces That It Has Delisted These Altcoins from Margin Trading!</a> 
Notable figures such as Michael Saylor, Jack Dorsey, and Fred Thiel contributed to this trend with their strategic Bitcoin purchases. 
The growth in NBIM’s indirect Bitcoin holdings is largely due to: 
<blockquote> 
 MicroStrategy: Investment rate increased from 0.67% to 0.89%. MicroStrategy has been active in acquiring bitcoin, adding 37,181 BTC in the first half of 2024. 
 Marathon Digital: Investment rate increased from 0% to 0.82%. 
 Coinbase: Investment rate increased from 0.49% to 0.83%. 
 Block Inc: Investment rate increased from 1.09% to 1.28%. 
</blockquote> 
This adjustment to NBIM's portfolio underscores the continued integration of Bitcoin into traditional financial portfolios and highlights the growing acceptance of cryptocurrencies as a viable asset class. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/did-the-norwegian-sovereign-wealth-fund-buy-bitcoin-in-the-first-half-of-the-year-here-are-the-details/">Did the Norwegian Sovereign Wealth Fund Buy Bitcoin in the First Half of the Year? Here Are the Details</a>

Did the Norwegian Sovereign Wealth Fund Buy Bitcoin in the First Half of the Year? Here Are the Details

Table of Contents

Bitcoin Sistemi EN

Other articles published on Aug 14, 2024

Trump Courts Crypto Voters

Stablecoins bring financial inclusion, but their fate is still undecided | Opinion

NYSE Arca Withdraws Proposal to Allow Crypto ETF Options Trading

FILLiquid Hits $1 Million FIL in Deposits In 21 Days

Mt. Gox Yet Again In Spotlight With 33,141 Bitcoin Transfer!

Pennsylvania Professor Jeremy Siegel Urges Immediate 0.75% Rate Cut Amid Global Market Crash

Join our free newsletter for daily crypto updates!