Norway's $1.8 trillion sovereign wealth fund, the world's largest, reported on Wednesday a record annual profit of 2.51 trillion crowns ($222 billion), driven by last year's tech rally.

Norway’s sovereign wealth fund, the Government Pension Fund Global (GPFG), has increased its indirect Bitcoin exposure by 153% year-over-year

Norway’s sovereign wealth fund was underweight on US tech stocks last year, a move that hit 2024 returns but may have helped it weather recent turmoil caused by the challenge posed by Chinese artificial intelligence startup DeepSeek.

Norway’s sovereign wealth fund saw a 153% year-over-year increase in indirect bitcoin exposure in 2024, according to K33 Research.

According to K33 Research, Norway’s Government Pension Fund Global has amassed more than $356 million in indirect Bitcoin exposure, based on current prices.

CEO of NBIM Nicolai Tangen said the robust stock market had helped the fund to generate good returns, particularly the performance of US technology stocks, reported CNBC. Even dep

Norway’s sovereign wealth fund paid about £306 million ($378 million) for a stake in a portfolio of office and retail properties in London’s high-end Mayfair district.