An analyst has claimed that the Norwegian sovereign wealth fund’s significant increase in indirect Bitcoin exposure, now valued at over $144 million, may not have been a deliberate strategy. “The growth likely originates from pre-determined algo-based sector weighting and risk diversification, it’s unlikely to stem from an intentional choice to amass exposure,” K33 Research senior analyst Vetle Lunde explained in an Aug. 14 X post, following the release of the Government Pension Fund of Norway’s first half of 2024 financial report. Deliberate Bitcoin exposure would be more obviousLunde explain…