Norwegian Pension Fund’s Indirect Bitcoin Exposure Grows

The Norwegian Government Pension Fund has increased its indirect exposure to Bitcoin, holding approximately 9,573 BTC through investments in crypto-related public companies as of 2025. This marks a 149% year-over-year growth in their Bitcoin exposure. The fund’s exposure is primarily through stakes in companies such as Coinbase, Marathon Digital, and Metaplanet, rather than direct Bitcoin holdings.