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.
Largest sovereign wealth fund holds almost 600 BTC thanks to MicroStrategy investment https://t.co/T2NdkB7rzE — Cointelegraph (@Cointelegraph) September 20, 2020
On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses. — Michael Saylor (@michael_saylor) September 15, 2020
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).
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.