Norway Sovereign Wealth Fund, ran by Norges Bank Investment Management, has boosted its investment in Bitcoin by acquiring stakes in companies in the cryptocurrency market space.
The fund's indirect ownership of Bitcoin now stands at 2,446 BTC, showing a significant increase of 938 BTC compared to December 2023.
This surge shows a 62% rise in Bitcoin holdings, which translates to approximately $27 per citizen.
Analysts believe that this uptick is driven more by diversification tactics rather than a deliberate effort to amass Bitcoin.
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