Oil to Bitcoin: Norway and UAE Boost Wealth Funds via MSTR and BlackRock

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Global oil giants Norway (the 12th-largest global oil producer) and the United Arab Emirates (UAE; the 9th-largest global oil producer) are increasingly exposing their sovereign wealth funds (SWFs) to Bitcoin (BTC). Norway state-owned fund invests in Bitcoin A recent disclosure shows that Norway’s Government Pension Fund Global, also known as the “Oil Fund,” increased its …