Norway’s Pension Fund increases stake in Strategy by 50% to $370M

Norway’s Government Pension Fund Global, the largest sovereign wealth fund on the planet, boosted its holdings in Michael Saylor’s Strategy Inc. by 50% during the second quarter. The position now sits at roughly $370 million. What Norway actually bought Strategy Inc., formerly known as MicroStrategy, operates a business intelligence software division. Executive Chairman Michael Saylor has turned the firm into a publicly traded Bitcoin treasury vehicle, systematically converting corporate resources into BTC holdings. When Norges Bank Investment Management, the entity that oversees the pension fund, increases its Strategy stake by 50%, it isn’t making a bet on enterprise analytics software. It’s gaining indirect exposure to Bitcoin through the wrapper of a publicly listed equity. Sovereign wealth funds operate under strict mandates and regulatory frameworks that typically don’t accommodate holding raw cryptocurrency on their balance sheets. Buying MSTR shares lets the fund ride Bitcoin’s trajectory without ever touching a wallet or navigating crypto custody infrastructure. A pattern, not an accident This isn’t Norway’s first foray into crypto-adjacent equities. The fund has previousl...