Norway’s Oil Fund Is Buying Bitcoin

Norway’s sovereign wealth fund holds close to 600 Bitcoin through a 1.51-percent stake in MicroStrategy—a business intelligence firm that recently made headlines with its Bitcoin buying spree. The amount of Bitcoin the fund is exposed to through its stake is worth about $6.3 million at current prices. According to Arcane Research, which revealed the figures, BlackRock and Vanguard are also holders of Bitcoin through their MicroStrategy stakes, which suggests some mainstream investors such as the fund and the two asset management giants…