All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- The Swiss and Norwegian central banks gain indirect Bitcoin exposure through significant holdings in MicroStrategy, aligning with a broader trend of institutional Bitcoin adoption.
- Norges Bank’s direct and indirect Bitcoin holdings position it as one of the most prominent institutional BTC holders globally, reflecting a growing acceptance of cryptocurrency among traditional financial institutions.
Norges Bank, managing Norway’s Government Pension Fund, holds 1.123 million shares of MicroStrategy (MSTR), while the Swiss National Bank increased its holdings by 60% to 466,000 MSTR shares, equivalent to a hidden stash of about 500 BTC.
This revelation aligns with earlier developments we discussed where Norway and Switzerland’s central banks significantly increased their stakes in MicroStrategy, gaining indirect Bitcoin exposure. Furthermore, as revealed by Collin Brown’s tweet today, Norway’s Central Bank is also reported to be holding approximately 1,400 BTC through its MSTR investment.
🚨 BREAKING: Switzerland’s Central Bank has a hidden #Bitcoin stash via MicroStrategy ($MSTR) with ~500 #BTC! 🇨🇭💰 Norway’s Central Bank is also in on the action with about 1,400 BTC! 🇳🇴📈
Retweet if you’re more bullish than ever! pic.twitter.com/8uVyckSnpe
— Collin Brown (@CollinBrownXRP) September 2, 2024
It is worth noting that, MicroStrategy, known as the largest corporate Bitcoin holder with 226,500 BTC, also has shares owned by South Korea’s public pension fund and Mitsui Sumitomo, a leading Japanese insurer. Despite a recent 3.5% decline in MSTR shares, trading at $131.21, co-founder Michael Saylor highlighted that the company has outperformed nearly all S&P 500 stocks since adopting its Bitcoin strategy.
As of today, CoinMarketCap data shows that Bitcoin is trading at $59,220.35, having surged by 3.27% in the past day with a decrease of 6.26% in the past week.
No coins selected
