World's largest sovereign wealth fund indirectly holds almost 600 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 | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 73.2% | 55 | $42 986.59 | 0.04% | 2.42% | $813 808 197 518 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 66.8% | 67 | $3 324.59 | 0.55% | 5.33% | $396 260 918 145 |  |
|
| 3 |  BNB |
Binance Coin predictions | 70.8% | 52 | $489.67 | 0.02% | 11.34% | $81 677 749 733 |  |
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| 4 |  USDT |
Tether predictions | 96% | 1 | $1.000479 | 0.01% | 0.04% | $78 437 106 160 |  |
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| 5 |  ADA |
Cardano predictions | 72.8% | 52 | $1.49 | 12.17% | 27.29% | $49 825 219 238 |  |
|
| 6 |  SOL |
Solana predictions | 65.6% | 76 | $144.94 | -1.08% | 2.74% | $45 512 628 460 |  |
|
| 7 |  USDC |
USD Coin predictions | 96% | 1 | $1.000515 | 0.13% | 0.05% | $45 495 216 189 |  |
|
| 8 |  XRP |
XRP predictions | 68.8% | 58 | $0.775800 | 0.01% | 2.97% | $36 977 057 118 |  |
|
| 9 |  LUNA |
Terra predictions | 72.8% | 59 | $86.40 | 1.25% | 17.82% | $30 978 610 903 |  |
|
| 10 |  DOT |
Polkadot predictions | 72.8% | 53 | $26.85 | -3.21% | 8.76% | $26 516 978 069 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 78% | 46 | $0.173940 | -3.38% | 14.90% | $23 076 697 406 |  |
|
| 12 |  AVAX |
Avalanche predictions | 62.4% | 76 | $90.88 | -1.31% | 2.12% | $22 208 035 214 |  |
|
| 13 |  MATIC |
Polygon predictions | 74% | 54 | $2.43 | 4.78% | 15.12% | $17 783 193 803 |  |
|
| 14 |  SHIB |
SHIBA INU predictions | 71.2% | 59 | $0.000030 | -0.89% | 5.66% | $16 471 177 724 |  |
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| 15 |  BUSD |
Binance USD predictions | 94.8% | 1 | $0.999092 | -0.17% | -0.14% | $14 434 082 408 |  |
