Norway's Government Pension Fund Global disclosed a new $𝟴𝟭.𝟵𝗠 stake in BitMine Immersion Technologies — an ETH treasury company holding ~5.8M ETH including ~5.07M staked. The position was absent from the fund's year-end 2025 report, making it a fresh H1 2026 acquisition. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A conservative, rules-based sovereign allocator choosing indirect ETH exposure via an equity wrapper is a directional signal worth noting. The dollar amount is modest against the fund's $1.7T+ AUM, but the precedent matters — sovereign capital is flowing into ETH treasury vehicles, and the staked portion tightens liquid ETH supply. For ETH, this adds to accumulating institutional demand evidence. The ~5.07M staked ETH backing this position reduces float, compounding the supply-squeeze thesis if spot demand accelerates. Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1953(Hupzy (Spot On Chain))