TechFlow news, August 14 — According to Jinshi Data, data from cryptocurrency research firm K33 Research shows that Norway's sovereign wealth fund increased its indirect exposure to Bitcoin by 192% last year. The fund holds 7,161 bitcoins indirectly through its portfolio, which includes holdings in companies such as Strategy, Metaplanet, and Coinbase. Norway's increased Bitcoin holdings reflect a broader trend: sovereign wealth funds are gaining indirect exposure via Bitcoin investment instruments and corporate proxies as the world's first cryptocurrency gradually integrates into the traditional financial system. Additionally, Kazakhstan's sovereign wealth fund announced in July its plan to convert part of its assets into cryptocurrencies.
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