**[Norwegian Sovereign Wealth Fund Indirectly Holds 11,549 BTC, Reaching a Historic High]** BlockBeats News, August 14 — K33 Research Director Vetle Lunde stated that as of the end of the first half of 2026, the Norwegian Sovereign Wealth Fund's indirect Bitcoin exposure has risen to 11,549 BTC, reaching a historic high. This exposure is achieved through stock holdings in companies such as Strategy, Metaplanet, MARA, Coinbase, Block, and Tesla. Based on the price mentioned in the article, the value is approximately $725 million. The exposure increased by 21.2% in the first half of the year and grew by 60.5% over the past year, marking the sixth consecutive reporting period of growth. Among these, Strategy accounts for nearly 86% of the fund's indirect Bitcoin exposure, corresponding to approximately 9,914 BTC. As of June 30, the Norwegian Sovereign Wealth Fund held about 1.17% of Strategy's shares, valued at $357.3 million at the time. Metaplanet corresponds to 671 BTC, MARA corresponds to 421 BTC, while Coinbase, Block, and Tesla correspond to 183 BTC, 120 BTC, and 97 BTC, respectively. K33 pointed out that this exposure is likely not the result of the fund actively allocating Bitcoin but rather an indirect effect of its broadly diversified investment portfolio. Currently, the Bitcoin exposure accounts for approximately 0.03% of the fund's total assets. Additionally, the fund has, for the first time, gained indirect ETH exposure through Ethereum treasury company BitMine. As of June 30, it held 6.15 million shares of BitMine, valued at $88.3 million, representing approximately 1.16% of the company's shares. Based on BitMine's current ETH holdings, this corresponds to an indirect exposure of approximately 67,340 ETH. [Original Link]