The world's largest sovereign wealth fund owns nearly 600 bitcoins

The Norwegian Government Pension Fund, also known as the Oil Fund, holds more than $ 1 trillion in assets, including 1.4% of all global stocks and shares. It is considered the largest sovereign wealth fund in the world.

According to the Staff Research report released the day before Saturday, the fund also owns nearly 600 Bitcoins (BTC) through its investment holdings.

Data from Staff Research's analysis shows that the Norwegian Oil Fund has 577.6 Bitcoin cryptocurrency through its investment in MicroStrategic business intelligence. This puts the company's portfolio in Bitcoin at around $ 6.3 million.

The Norwegian Government Pension Fund owns a 1.51% stake in MicroStrategy.

Michael Saylor, the founder of MicroStrategy, said in a recent tweet that the company has 38,250 Bitcoins.

4482.90 Bitcoin) respectively.

And CoinTelegraph previously stated that BlackRock, as the largest shareholder in MicroStrategic, indirectly owns Bitcoin.

The Vanguard Group is a US investment advisory firm with an estimated $ 6.2 trillion in global assets under management (AUM) as of January 31, 2020. It is the largest provider of mutual funds and the second largest provider of exchange-traded funds (ETFs) in the world after BlackRock's iShares.

on the other hand, BlackRock Fund Advisors has $ 7.3 trillion in assets under management.

MicroStrategy has made a lot of headlines in the past few days as it announced a bold plan to invest in Bitcoin.

As the newest major giant to enter the industry, MicroStrategy first bought 2,1454 Bitcoins for $ 250 million in August and another 16,796 Bitcoin for $ 175 million in September.

(Amazon Fun Knowledge)