World's largest sovereign wealth fund indirectly holds almost 600 Bitcoin
21 Sep 2020 #Bitcoin
Mainstream finance giants may hold more Bitcoin than you think. The Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares. It is considered the world's largest sovereign wealth fund. According to Arcane Research’s report on Sept. 19, the fund also owns almost 600 Bitcoin (BTC) through its investment holdings.
Arcane Research analysis data shows that the Norwegian oil fund has 577.6 BTC through its investment in business intelligence firm MicroStrategy. This puts the company’s portfolio in BTC at around $6.3 million. The Norwegian Government Pension Fund has a 1.51% stake in MicroStrategy.
Michael Saylor, MicroStrategy founder, said in a recent tweet that the company owns 38,250 BTC.
In addition, two other major investment advisory companies, BlackRock Fund Advisors and the Vanguard Group, have a 15.24% stake (5829.30 BTC) and a share of 11.72% (4482.90 BTC), respectively. Cointelegraph previously reported that BlackRock, as the biggest shareholder in MicroStrategy, indirectly holds BTC.
The Vanguard Group is an American investment advisor with about $6.2 trillion in global assets under management (AUM) as of January 31, 2020. It is the largest mutual funds provider and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock’s iShares. BlackRock Fund Advisors, on the other hand, has $7.3 trillion in AUM.
MicroStrategy has made a lot of headlines in the past few days as it announced a bold plan to invest in Bitcoin. As the latest mainstream giant to enter the space, MicroStrategy first bought 21,454 BTC for $250 million in August and another 16,796 BTC for $175 million in September.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | Volume 24h | |
| 1 |  BTC |
Bitcoin predictions | 82.8% | 35 | $43 081.91 | 1.35% | -8.98% | $811 087 159 268 | $32 566 242 601 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 72.8% | 49 | $2 973.82 | 2.01% | -10.60% | $349 960 860 996 | $21 587 502 761 | |
| 3 |  ADA |
Cardano predictions | 62% | 80 | $2.27 | -2.69% | -2.67% | $72 581 341 919 | $5 657 027 599 | |
| 4 |  USDT |
Tether predictions | 90.8% | 1 | $1.000723 | -0.06% | 0.06% | $68 592 541 921 | $78 405 017 855 | |
| 5 |  BNB |
Binance Coin predictions | 67.6% | 69 | $342.55 | -2.18% | -15.33% | $57 594 887 329 | $1 834 859 342 | |
| 6 |  XRP |
XRP predictions | 74.8% | 52 | $0.942011 | 0.16% | -11.07% | $44 008 512 090 | $3 471 846 458 | |
| 7 |  SOL |
Solana predictions | 67.2% | 73 | $134.99 | -3.62% | -13.48% | $40 130 984 296 | $2 394 353 078 | |
| 8 |  USDC |
USD Coin predictions | 92.8% | 1 | $1.000373 | -0.04% | 0.04% | $30 961 410 947 | $3 802 192 647 | |
| 9 |  DOT |
Polkadot predictions | 67.2% | 69 | $29.14 | -4.71% | -12.32% | $28 777 972 657 | $2 530 767 375 | |
| 10 |  DOGE |
Dogecoin predictions | 65.2% | 77 | $0.204356 | -1.83% | -12.96% | $26 862 009 468 | $1 490 518 775 | |
| 11 |  AVAX |
Avalanche predictions | 61.6% | 87 | $67.41 | -4.29% | -4.38% | $14 849 661 345 | $1 216 715 313 | |
| 12 |  LUNA |
Terra predictions | 68% | 59 | $36.08 | -4.62% | 4.12% | $14 432 557 786 | $1 639 919 020 | |
| 13 |  UNI |
UniSwap predictions | 66% | 74 | $22.79 | 17.61% | -3.84% | $13 937 536 203 | $1 041 192 676 | |
| 14 |  BUSD |
Binance USD predictions | 92.8% | 1 | $1.000271 | -0.06% | 0.03% | $13 693 035 619 | $5 465 909 777 | |
| 15 |  LINK |
Chainlink predictions | 65.6% | 70 | $24.73 | 9.02% | -10.79% | $11 252 316 912 | $1 925 712 695 |
