The Norwegian State Pension Fund, also known as the Petroleum Fund, has more than $ 1 trillion in assets, including 1.4% of all global stocks and shares. It is considered to be the largest government mutual fund in the world. according to Arcane Research Report from September 19th The fund also owns nearly 600 Bitcoin (BTC) through its investments.
Data from the analysis of the Arcane Research show that the Norwegian fund has 577.6 BTC through its investment in business intelligence company MicroStrategy. This brings the company’s portfolio in BTC to around $ 6.3 million. The Norwegian State Pension Fund thas a 1.51% stake in MicroStrategy.
The founder of MicroStrategy, Michael Saylor said this in a recent tweet Your company owns 38,250 BTC.
In addition orAfter two large investment advisory firms, BlackRock Fund Advisors and The Vanguard Group, they hold 15.24% (5829.30 BTC) and 11.72% (4482.90 BTC) respectively. Cointelegraph previously reported on it BlackRock, as the majority shareholder in MicroStrategy, indirectly owns BTC.
Source: Arcane Research
Vanguard Group is an American investment advisor with global assets under management (AUM) of approximately $ 6.2 trillion. As of January 31, 2020. After iShares, it is the world’s largest investment fund manager and the second largest provider of Exchange Traded Funds (ETFs). By contrast, BlackRock Fund Advisors own $ 7.3 trillion in AUM.
MicroStrategy made headlines in the last few days when it announced its intrepid plan to invest in Bitcoin. As the youngest mainstream financial giant to step into the crypto space, MicroStrategy first bought 21,454 BTC for $ 250 million in August and an additional 16,796 BTC for USD 175 million in September.