Norway’s sovereign wealth fund posts $248 billion profit in 2025

Norway’s Government Pension Fund Global, one of the world’s largest sovereign wealth funds, achieved a $248 billion profit in 2025, bringing its total market value to approximately $2.2 trillion. This substantial gain was primarily fueled by investments in American technology and financial stocks, particularly NVIDIA, Apple, and Microsoft. CEO Nicolai Tangen attributed the success to positive sentiment surrounding AI, anticipated interest rate cuts, and robust corporate earnings, alongside growth in renewable infrastructure, fixed income, and real estate. While the fund’s direct crypto holdings are limited, its indirect exposure to Bitcoin significantly increased by 149% in 2025, reaching 9,573 BTC, largely through stakes in companies like Strategy, MARA, Metaplanet, Coinbase, and Block. The fund, managed by Norges Bank Investment Management (NBIM), holds investments in over 7,200 companies across 60 countries.

(Source：Crypto Briefing)