Norwegian Government Pension Fund Owns 600 Bitcoin Through Its Investment Holdings
Norwegian Government Pension Fund Owns 600 Bitcoin Through Its Investment Holdings
September 22, 2020
Norwegian Government Pension Fund Owns 600 Bitcoin Through Its Investment Holdings
Norwegian Government Pension Fund Owns 600 Bitcoin Through Its Investment Holdings
September 22, 2020

The Norwegian Government Pension Fund, also known as the Oil Fund, has owned around 600 Bitcoin (BTC) through its investment holdings, which 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. 

It has been reported by Arcane Research that the Norwegian oil fund has 577.6 BTC through its investment in business intelligence firm MicroStrategy, as this puts the company’s portfolio in BTC at around $6.3 million.  

However, the Norwegian Government Pension Fund has a 1.51% stake in MicroStrategy.

Michael Saylor, the founder of MicroStrategy, said in a recent tweet that the company owns 38,250 BTC. 

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).

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Likewise, MicroStrategy has made a lot of headlines in the past few days as it announced a bold plan to invest in Bitcoin.

Thus, MicroStrategy first bought 21,454 BTC for $250 million in August and another 16,796 BTC for $175 million in September.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
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