The world's largest sovereign wealth fund has no "intention" of getting involved with Bitcoin

Vetle Lundle, a senior analyst at 33 Research, stated that the world's largest sovereign wealth fund, the Norwegian Sovereign Wealth Fund's indirect increase in Bitcoin investment (currently valued over $144 million) may not have been intentional. If it was deliberate to expose the fund to more Bitcoin, this move perfectly illustrates how Bitcoin is maturing as an asset and integrating into any diversified portfolio. The indirect investment comes from increasing investments in companies that hold Bitcoin. For example, the fund adjusted its holdings of MicroStrategy stocks to make up 0.89% of its total portfolio. In addition, the fund also increased its shares in Coinbase and BlockInc (formerly known as Square), and began investing in mining company Marathon Digital.