[Norwegian Sovereign Wealth Fund's Indirect Bitcoin Exposure Surges 149% to 9,573 BTC by 2025] According to The Block, K33 Research Director Vetle Lunde stated that the Norwegian Sovereign Wealth Fund's indirect Bitcoin exposure increased by 149% in 2025, reaching 9,573 BTC. Its primary investment targets include Strategy, MARA, Metaplanet, Coinbase, and Block. Although the national fund has not directly purchased Bitcoin, many of the aforementioned companies continue to hold Bitcoin.