Overview
- Norges Bank reported a 6,151,062‑share position in BitMine valued at $81.87 million as of June 30 in its SEC 13F filing.
- The equity stake does not buy ETH directly but links Norway to BitMine’s crypto strategy, which converts the company’s balance sheet into a yield‑bearing Ethereum treasury.
- BitMine said it held about 5,805,238 ETH on Aug. 9 with roughly 5,067,309 ETH staked, a stockpiled amount the company calls its “Alchemy of 5%” goal.
- The June 30 holding represents a very small slice of the fund’s portfolio—about 0.0082% of disclosed U.S. securities—and Norges Bank has not explained why it bought the shares.
- The move highlights two broader issues: large corporate staking can remove liquid ETH from markets and public filings can obscure exact purchase timing when earlier 13F entries are filed confidentially.