World’s largest sovereign wealth fund indirectly holds almost 600 Bitcoin
The Norwegian Government Pension Fund, also known as the Oil Fund,
has over $1 trillion in assets, including 1.4% of all global stocks and shares.
It is considered the world’s largest sovereign wealth fund.
According to Arcane Research’s report on Sept. 19,
the fund also owns almost 600 Bitcoin (BTC) through its investment holdings.
Arcane Research analysis data
shows that the Norwegian oil fund has 577.6 BTC through its investment in business intelligence firm MicroStrategy.
This puts the company’s portfolio in BTC at around $6.3 million.
The Norwegian Government Pension Fund has a 1.51% stake in MicroStrategy.
Michael Saylor,MicroStrategy founder,
said in a recent tweet that the company owns 38,250 BTC.In addition, two other major investment advisory companies,
BlackRock Fund Advisors and
the Vanguard Group,have a 15.24% stake (5829.30 BTC) and a share of 11.72% (4482.90 BTC), respectively.
Cointelegraph previously reported that BlackRock, as the biggest shareholder in MicroStrategy, indirectly holds BTC.