Central Bank of Norway has invested more than 500 million dollars in Microstrategy

Foto del autor

By TP

Norges Bank also has actions in other key firms in the sector, such as Coinbase and Metaplanet. Microstrategy, directed by Michael Saylor, has more than 470,000 BTC. In the last hours it transpired that the Central Bank of Norway has Microstrategy shares for a value exceeding 514 million dollars. The fact that a central bank is involved in actions of A company that has strongly opted for Bitcoin It is an indicator that, despite volatility, institutional entities are beginning to adapt cryptocurrencies as part of their portfolios. It is worth noting that Norges Bank also has actions in other companies related to cryptactiveas coinbase- more than 530 million dollars- and Metaplenet- more than 4 million dollars. In fact, the latter has just announced an ambitious strategy to become one of Bitcoin's main companies: acquire 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.

Money that the Central Bank of Norway has invested in Microstrategy. Source: Norges Bank. Microstrategy, directed by Michael Saylor, has managed to consolidate as one of the most representative names associated with Bitcoin, so much so that right now, the company's reserves have more than 470,000 BTC. Only a few days ago, Saylor revealed the acquisition of 10,107 BTC for a total of 1.1 billion dollars. However, industry figures have questioned Microstrategy strategy to acquire bitcoin through debt. Arthur Hayes, co -founder of Bitmex and CEO of Maelstrom, expressed his distrust in a recent interview, arguing that This model depends too much on Bitcoin's constant appreciation. In his opinion, if BTC's volatility decreases, it will be increasingly difficult for the company to generate interest in its debt. In recent years, the Global Pension Fund of the Government of Norway (NBIM) has experienced a great increase in its indirect exposure to Bitcoin, reaching a growth greater than 400%. This increase is mainly due to its risk diversification strategy, through investments in companies that have Bitcoin in their treasury, such as Microstrategy, Coinbase, Digital Marathon and Block Inc. in 2024, the indirect holdings of the fund reached 2,446 BTC, an increase of 938 BTC since December 2023.