Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has increased its indirect exposure to Bitcoin by 192% in 2025. The fund now holds 7,161 BTC, up from 3,821 BTC at the end of 2024, according to data from K33 Research. This exposure is valued at approximately $850 million to $862.8 million and is held through equity stakes in publicly traded companies with Bitcoin on their balance sheets, including MicroStrategy, Strategy, Metaplanet, and Coinbase. The fund's Bitcoin-related holdings have surpassed $1 billion in value, reflecting a substantial increase over the past year and a nearly 88% rise in the last six months. Norway’s sovereign wealth fund is the world’s largest, with assets under management reported between $1.5 trillion and $1.9 trillion. This move highlights growing institutional interest in cryptocurrency assets within large sovereign wealth funds.