Norway’s Sovereign Wealth Fund Increases MicroStrategy Investment
Norway’s Government Pension Fund Global, managed by Norges Bank Investment Management, has significantly increased its stake in MicroStrategy, the Bitcoin-focused company led by Michael Saylor.
As of the latest report, the fund holds a $217 million investment in MicroStrategy, representing a 0.89% ownership and 0.45% voting power.
Michael Saylor’s personal stake in MicroStrategy remains substantial, though distinct from the fund’s holdings. As of late July 2024, Saylor controls 52.9% of the company’s voting rights through his ownership of Class B shares, despite holding just 10% of the total equity, after divesting his Class A shares.
The Norwegian fund’s involvement with MicroStrategy dates back to 2008, and it has notably expanded its investment over the past year. MicroStrategy’s significant Bitcoin holdings—226,500 BTC valued at approximately $13.8 billion—give Norway’s fund indirect exposure to Bitcoin’s price movements, as the company’s stock performance is closely tied to Bitcoin’s value.
READ MORE: Goldman Sachs Reveals Major Investment in Bitcoin ETFs
Norway’s sovereign wealth fund, fueled by substantial oil and gas revenues, has grown from $23 billion in 1998 to $1.7 trillion today. It operates with a diversified investment approach, including equities in various listed companies across 66 countries, numerous bonds, and real estate holdings.
MicroStrategy’s inclusion in several major indices, including the MSCI All Country World Index and the Russell 2000 Index, reflects its growing market presence. The company aims for future inclusion in top indices like the S&P 500 and Nasdaq 100, further aligning with the broad investment strategies of Norway’s sovereign wealth fund.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
