The Norwegian Oil Fund now owns hundreds of Bitcoins

The Norwegian Oil Fund now owns hundreds of Bitcoins

The Norwegian Government Pension Fund owns almost 600 Bitcoins thanks to its investment holdings.


20 Sep 2020 , 10:52 @ Matey Salt

The Norwegian Oil Fund now owns hundreds of Bitcoins

The Norwegian Government Pension Fund owns almost 600 Bitcoins thanks to its investment holdings.

According to an analysis of data by Arcane Research, the Norwegian oil fund now owns 577.6 bitcoins. This result is based on the information obtained concerning the shares in MicroStrategy Inc..

In this week’s report, Michael Saylor, MicroStrategy Founder, said the company owns a total of 38,250 bitcoins and, according to available data, the Norwegian Government Pension Fund has a 1.51% stake.

Based on the calculation, we come to the result that the Norwegian Fund owns 577.6 bitcoins worth 57.5 MNOK / 6.3M USD. However, we can also see other important names in the table, such as BlackRock Fund Advisors with a 15.24% stake (5829.30 BTCs) and also The Vanguard Group, Inc. with a share of 11.72% (4482.90 BTCs).

The Government Pension Fund of Norway, also known as the Oil Fund, was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. It has over $1 trillion in assets, including 1.4% of global stocks and shares, making it the world’s largest sovereign wealth fund.

BlackRock Fund Advisors has disclosed 4,238 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $ 542,337,368,000 USD.

The Vanguard Group is an American investment advisor with about $6.2 trillion in global assets under management, as of January 31, 2020. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock’s iShares.

Read also: Pantera Capital recommends #BuyBitcoin

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