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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 70.8% | 54 | $68 162.88 | 1.29% | 2.42% | $1 344 973 357 845 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 73.2% | 47 | $3 274.54 | 0.99% | -6.14% | $393 691 858 423 | ||
3 | ![]() |
Tether predictions | 95.6% | 1 | $1.000152 | 0.03% | -0.03% | $114 346 541 734 | ||
4 | ![]() |
Solana predictions | 66.4% | 70 | $185.46 | 3.95% | 9.94% | $86 186 508 174 | ||
5 | ![]() |
Binance Coin predictions | 77.6% | 42 | $587.73 | 2.03% | -0.70% | $85 766 608 554 | ||
6 | ![]() |
USD Coin predictions | 92.8% | 1 | $1.000037 | 0% | 0.02% | $34 143 589 887 | ||
7 | ![]() |
XRP predictions | 62.4% | 86 | $0.600180 | 0.16% | 1.41% | $33 586 578 872 | ||
8 | ![]() |
Dogecoin predictions | 72% | 55 | $0.135374 | 4.80% | 6.83% | $19 667 998 553 | ||
9 | ![]() |
Toncoin predictions | 81.2% | 31 | $6.73 | 0.11% | -8.06% | $16 947 147 195 | ||
10 | ![]() |
Cardano predictions | 72.4% | 49 | $0.417243 | 1.33% | -4.43% | $14 980 752 444 | ||
11 | ![]() |
TRON predictions | 88.8% | 18 | $0.137318 | 0.34% | 2.05% | $11 955 029 826 | ||
12 | ![]() |
Avalanche predictions | 77.6% | 38 | $28.63 | 2.71% | 1.70% | $11 305 031 034 | ||
13 | ![]() |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
14 | ![]() |
Wrapped TRON predictions | 93.2% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 | ||
15 | ![]() |
SHIBA INU predictions | 84.4% | 30 | $0.000017 | 2.42% | -3.03% | $10 139 614 509 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.