Norway’s sovereign wealth fund, the Authorities Pension Fund Global, one of the arena’s greatest verbalize-owned funding autos, generated $248 billion in earnings in 2025, lifting its market model to roughly $2.2 trillion.
The massive earnings turn out to be once pushed by beneficial properties in American expertise and monetary shares, with stable contributions from US companies, alongside side foremost stakes in NVIDIA, Apple, and Microsoft.
CEO Nicolai Tangen talked about AI optimism, charge cuts, and solid company earnings supported returns, while the fund also grew renewable infrastructure, mounted profits, and valid estate investments.
Managed by Norges Bank Funding Administration (NBIM), the fund invests in equities, bonds, property, and renewable energy infrastructure on behalf of the Norwegian public. It now holds stakes in over 7,200 companies across 60 countries.
NBIM’s portfolio offers the sovereign wealth fund indirect exposure to Bitcoin, though it represents a exiguous share of its entire assets.
In accordance to K33’s Head of Learn, Vetle Lunde, the fund’s indirect Bitcoin exposure climbed 149% in 2025, pushed by its stakes in Strategy, MARA, Metaplanet, Coinbase, and Block.
As soon as extra, support on responsibility to veil the indirect $BTC ownership of the arena’s greatest sovereign wealth fund, Norway’s Oil Fund.
Whereas $BTC model action has been horrendous for a while, NBIM’s indirect $BTC exposure marches larger. It grew by 149% in 2025 to 9,573 $BTC. pic.twitter.com/zOIeQYqDx3
— Vetle Lunde (@VetleLunde) January 30, 2026
NBIM’s crypto exposure is practically fully to Bitcoin, and not using a foremost holdings in other crypto-focused companies.
