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It’s not only Bitcoin that’s seeing ATHs these days.
According to a report, Norway’s sovereign wealth fund’s indirect Bitcoin exposure grew to 7,161 $BTC—a new ATH for the fund.
This further shows that crypto is more than a niche product, as it permeates the highest levels of worldwide finance. And greater crypto adoption is also partly the reason why Bitcoin—which just hit $124K—continues to hit new ATHs this year.
Naturally, a bullish sentiment on Bitcoin will have a spillover effect on other projects that build on this blockchain. Especially given Bitcoin’s lack of DeFi, smart contract, and dApp scalability.
One example is Bitcoin Hyper ($HYPER), which already raised a whopping $9.3M on its ongoing presale.
Crypto Treasury Funds Help Boost Norway’s Bitcoin Exposure
Vetle Lunde (Head of Research at K33) shared on X that Norges Bank Investment Management’s (NBIM) indirect exposure grew to a new ATH of 7,161 $BTC.
This translates to a 192% growth in Norway’s sovereign wealth fund’s $BTC exposure from just 3,821 at the end of 2024.
As the world’s largest sovereign wealth fund, NBIM’s portfolio includes a variety of assets, such as crypto treasury companies, giving it indirect exposure to Bitcoin. According to Lunde, Strategy, MARA, Block, Coinbase, and Metaplanet are the top five contributors to this exposure.
NMIB’s new ATH is also not at all surprising considering how the likes of Strategy and Metaplanet have continued to grow their respective Bitcoin stockpiles.
On August 11, for example, Strategy bought an additional 155 $BTC worth $18M. While it may be the company’s second-smallest purchase for this year, its 628,946 $BTC holding still puts it well ahead of everyone else in the market.
Growing institutional investments in Bitcoin have helped push the crypto’s price to new highs. Just a few hours ago, it hit a new ATH after breaking the $124K mark.
Bitcoin Hyper: Making Bitcoin Faster and More Powerful Than Ever
Norway is only one of the many sovereign wealth funds worldwide with indirect crypto exposure. According to CoinShares, this growing list includes Abu Dhabi and Singapore, which have investments in various crypto companies.
But they’re not the only ones benefiting from Bitcoin’s ascent. Projects like Bitcoin Hyper ($HYPER) are quite high on that list, too.
$HYPER wants to build a Layer 2 that makes transactions in the Bitcoin ecosystem faster and cheaper, while expanding Bitcoin’s utility (think of smart contracts and dApps).
There are two key elements to this project: a canonical bridge and a Solana Virtual Machine (SVM). The canonical bridge is what will allow you to send your $BTC to the L2. Powered by an SVM, the L2 will be able to speed up transactions in a way the Bitcoin Layer 1 can’t.
After sending your $BTC, the system will create a wrapped version of it with the same value on the L2. This will enable you to use your $BTC for various things like staking, trading, and even interacting with dApps or GameFi marketplaces.
If you want to withdraw your $BTC, just make a withdrawal request, and the system will send it back to your Bitcoin address on Layer 1.
Alt: Bitcoin Layer 2 utility as shown on the presale page.
For now, you can support the project by buying its native $HYPER tokens for $0.0127 each.
Aside from helping the team raise funds, this will also have real utility once the L2 goes live. You can use it to pay for gas fees, participate in DAO decisions, and access exclusive features.
If you want, you can also stake your tokens and enjoy passive rewards at a rate of 115% p.a.
To date, Bitcoin Hyper has already raised over $9.3M, making it one of the hottest presales of 2025.
Join the Bitcoin Hyper presale today.
The Best is Yet to Come for Bitcoin and Bitcoin Hyper
While Bitcoin is now far from being just a niche product, it still has a lot of potential for expansion. This is why crypto treasury companies like Strategy continue to grow their Bitcoin stockpile even as its price continues to go up.
Bitcoin’s unlocked potential is also what pushes the Bitcoin Hyper ($HYPER) project. Its planned Layer 2 should help make Bitcoin transactions faster and cheaper, while increasing its utility.
Do your own research and don’t take this as financial advice. Crypto is inherently volatile!
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