Central Banks of Norway and Switzerland Embrace Bitcoin (BTC) as Major MicroStrategy Holdings Are Revealed
Norway and Switzerland’s central banks significantly increased their stakes in MicroStrategy, gaining indirect Bitcoin exposure. This move signals potential central bank interest in Bitcoin as a strategic reserve asset. Following a CNF update on Bitcoin miners migrating from China to Sweden and Norway, Norway’s Norges Bank and Switzerland’s Swiss National Bank have reported significant stakes [...]
- Norway and Switzerland’s central banks significantly increased their stakes in MicroStrategy, gaining indirect Bitcoin exposure.
- This move signals potential central bank interest in Bitcoin as a strategic reserve asset.
Following a CNF update on Bitcoin miners migrating from China to Sweden and Norway, Norway’s Norges Bank and Switzerland’s Swiss National Bank have reported significant stakes in MicroStrategy (MSTR) in their 13-F filings. Norges Bank holds 1.123 million shares, while the Swiss National Bank owns 466,000 shares, marking a 60% increase from the previous quarter.
According to a tweet by sunnydecree, this aligns with earlier predictions as the Swiss National Bank has indirect Bitcoin exposure through its holdings in MicroStrategy (MSTR), which equates to approximately 500 BTC. Meanwhile, the Central Bank of Norway holds around 1,400 BTC through its MicroStrategy shares.
BREAKING: The Swiss Central Bank has indirect Bitcoin exposure through MicroStrategy ($MSTR), with approximately 500 BTC. The Central Bank of Norway around 1,400 BTC. Just as predicted… pic.twitter.com/G2JrIYvLQP
— sunnydecree (@sunnydecree) August 14, 2024
According to the shared data in the tweet, MicroStrategy’s shares are trading at $131.21, with a market cap of $25 billion. The company, known for its large Bitcoin holdings, has outperformed most S&P 500 stocks. It holds 226,500 Bitcoins, far surpassing Marathon Digital Holdings’ 20,818 BTC.
MicroStrategy remains a prominent Bitcoin play, with plans to continue acquiring more. As we discussed earlier, the Swiss National Bank is considering Bitcoin for currency reserves: how Bitcoin could strengthen Switzerland’s financial independence. Furthermore, experts suggest diversifying national reserves with Bitcoin could mitigate risks linked to government bonds prone to default.
As of now, Bitcoin (BTC) is priced at $58,460.56, with a decrease of 3.93% in the past day and 1.92% in the past week. See BTC price chart below.
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