according to the materials from the site - NFTENEKХ
The Sovereign Fund of Norway, managed by Norges Bank Investment Management, reportedly holds up to $1.18 billion in MicroStrategy shares, significantly increasing its exposure to Bitcoin.
Norway's recent investments in MicroStrategy indicate a strategic move towards cryptocurrency by leveraging the company's extensive Bitcoin holdings for potential gains from future Bitcoin price increases.
It is reported that Norges Bank Investment Management currently owns up to 2.98 million shares of MicroStrategy, representing a significant increase in its bitcoin exposure. MicroStrategy has consistently expanded its bitcoin reserves, appealing to institutional investors seeking indirect cryptocurrency risk.
This investment from the Norwegian fund contributes to the growing institutional interest in bitcoin, with potential implications for the future adoption of cryptocurrency worldwide. Such distribution of large sovereign funds may impact market sentiment and investor confidence.
Although there are no direct quotes from the management of Norges Bank Investment Management or MicroStrategy regarding the investment package, it is clear that such a decision reflects confidence in MicroStrategy's strategy and the broader role of bitcoin as an institutional asset.
