The Norwegian sovereign wealth fund (NBIM) indirectly holds 3,821 BTC, reflecting an increase of 1,375 BTC since June 30, 2024, and a yearly growth of 2,314 BTC—a 153% increase compared to its end-of-year 2023 holdings.
It is important to highlight that this exposure likely derives from rule-based sector weighting rather than a deliberate choice to prioritize BTC exposure.
NBIM's indirect exposure is one of the strongest examples of how BTC is slipping into any well-diversified portfolio, and the growth is a testament to the market maturing and BTC ending up in any well-diversified portfolio, intended or not.
The table below illustrates how NBIM adjusted their weights between Q2 2024 and Q4 2024.
While I assume that NBIM's indirect exposure is a result of sector weighting, it is very interesting to note the added exposure in RIOT, and particularly @metaplanet . Kudos to @dylanleclair and the rest of the team for aiding in NBIM's sat stacking!
I had also expected NBIM's MSTR exposure to be substantially lower following their 21/21 plan. It's great being proven wrong!
Thanks to corporate BTC treasury strategies advanced by @saylor, @jack, @fgthiel, and others, the Norwegian indirect sat per capita exposure stood at 68,837 sats ($64) by the end of 2024.
NBIM's indirect BTC exposure in USD terms grew from $23m in 2020 to $356m in 2024. By the end of 2024, NBIM held indirect BTC exposure of 4bn NOK.
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@doimin_wallet @mayankdotch@umbrel@tatumturnup@BitcoinMachines I had the same experience and had a hard time getting in touch with them. I ordered mine on September 2nd and actually got mine delivered today. You can try to reach out to @PrabhuDevaraju who seems to be one of the guys behind the company.
@SpartacusFinch @umbrel@mynodebtc@BitcoinMachines look great but have horrendously long delivery time and unresponsive customer support. I got mine delivered today almost 11 weeks after ordering and had to track down the dudes behind the company on Twitter and nag them for weeks to get things moving.
.@CelsiusNetwork is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community. More here: https://t.co/CvjORUICs2
@erik365online@MSFT365Status We are also experiencing connectivity issues from Norway this morning. Sporadic drops in connectivity to our stuff in EU North and the Azure Portal. Any updates, @Azure?
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