Norway’s $1.6 trillion sovereign wealth fund, Norges Bank Investment Management, has nearly tripled its indirect exposure to Bitcoin, according to data compiled by K33 Research. The fund’s Bitcoin-linked holdings reached 7,161 BTC—worth about $844 million—at the end of the second quarter, a 192 percent increase from 3,821 BTC a year earlier. The bulk of the additional exposure came from larger equity positions in companies that keep Bitcoin on their balance sheets. Strategy, the software firm formerly known as MicroStrategy, accounted for 3,006 BTC of the growth, while mining company Marathon Digital added 216 BTC and digital-payments group Block contributed 85 BTC. Smaller increments stemmed from Coinbase, Metaplanet and several other listed firms. The accumulation underscores how Bitcoin is seeping into diversified equity portfolios through corporate treasury strategies rather than direct purchases of the token. NBIM’s move is closely watched because the oil-fund manager is the world’s largest sovereign investor, holding shares in more than 9,000 companies globally.