Norway’s sovereign wealth fund has signaled its support for Metaplanet’s management proposals, including the company’s Bitcoin-focused treasury strategy.
The fund, managed by Norges Bank Investment Management (NBIM), holds roughly 0.3% of Metaplanet’s shares as of the end of June 2025.
The proposals are scheduled for a shareholder vote on December 22, 2025, a decision that could shape the next phase of Metaplanet’s capital strategy.
🚨BREAKING: Norway backs Metaplanet's proposal for a Bitcoin treasury. pic.twitter.com/Y28kwG0A8O
— Coin Bureau (@coinbureau) December 17, 2025
Shareholder Endorsement Of Management Direction
NBIM’s backing applies to Metaplanet’s broader management agenda and effectively endorses the company’s approach to holding Bitcoin as a treasury asset. While the stake itself is relatively small, support from one of the world’s largest sovereign wealth funds carries symbolic weight.
The move reflects growing institutional comfort with corporate strategies that incorporate Bitcoin exposure through balance-sheet allocations.
Indirect Bitcoin Exposure Through Equities
Norway’s sovereign wealth fund has consistently favored indirect exposure to Bitcoin rather than holding the asset outright. In addition to Metaplanet, the fund has previously invested in companies such as MicroStrategy, which use equity structures to provide economic exposure to Bitcoin price movements.
This approach allows large institutions to gain Bitcoin-linked exposure while remaining within traditional equity investment frameworks.
Part Of A Broader Institutional Trend
NBIM’s position aligns with a wider trend among sovereign wealth funds and institutional investors. Rather than directly holding digital assets, many are choosing equity stakes in companies that operate Bitcoin treasury strategies.
This method offers regulatory clarity, operational familiarity, and easier portfolio integration compared to direct custody of cryptocurrencies.
Shareholder Vote Could Shape Capital Expansion
The upcoming December 22 shareholder meeting is seen as a key moment for Metaplanet. Approval of the proposals would allow the company to proceed with plans to issue preferred shares, raising capital to significantly expand its Bitcoin holdings.
The outcome of the vote will determine how aggressively Metaplanet can pursue its treasury strategy moving into 2026, with backing from institutional shareholders providing additional credibility to the plan.
