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 | 59.2% | 88 | $19 108.68 | -0.12% | -10.44% | $364 683 630 223 |  |
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| 2 |  ETH |
Ethereum predictions | 54% | 93 | $1 051.12 | -1.09% | -14.27% | $127 610 536 230 |  |
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| 3 |  USDT |
Tether predictions | 91.6% | 1 | $0.999042 | 0% | -0.04% | $66 018 262 534 |  |
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| 4 |  USDC |
USD Coin predictions | 95.6% | 1 | $1.000039 | -0.01% | 0% | $55 804 793 378 |  |
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| 5 |  BNB |
Binance Coin predictions | 65.2% | 75 | $216.74 | -0.87% | -9.37% | $35 388 059 426 |  |
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| 6 |  BUSD |
Binance USD predictions | 92.4% | 1 | $1.001586 | 0.07% | 0.28% | $17 575 061 690 |  |
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| 7 |  XRP |
XRP predictions | 68% | 69 | $0.317499 | 1.53% | -12.57% | $15 348 864 758 |  |
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| 8 |  ADA |
Cardano predictions | 66.8% | 72 | $0.448366 | -0.36% | -10.65% | $15 214 866 694 |  |
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| 9 |  SOL |
Solana predictions | 68% | 70 | $32.77 | -0.23% | -19.15% | $11 253 894 583 |  |
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| 10 |  DOGE |
Dogecoin predictions | 66.8% | 62 | $0.066138 | 0.06% | -13.89% | $8 774 635 420 |  |
|
| 11 |  DAI |
Dai predictions | 94.8% | 1 | $1.000043 | -0.04% | 0% | $6 895 987 122 |  |
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| 12 |  DOT |
Polkadot predictions | 68% | 67 | $6.72 | -0.01% | -16.62% | $6 636 204 716 |  |
|
| 13 |  TRX |
TRON predictions | 66% | 74 | $0.065733 | 3.58% | -3.47% | $6 079 571 196 |  |
|
| 14 |  LEO |
UNUS SED LEO predictions | 73.6% | 54 | $5.87 | 2.64% | -0.14% | $5 604 429 157 |  |
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| 15 |  SHIB |
SHIBA INU predictions | 71.2% | 63 | $0.000010 | 0.62% | -13.36% | $5 523 555 766 |  |
