The Oslo-listed bulker company said Geveran had acquired part of its 3.07% convertible issue due in 2019 at NOK 79 ($10.69) each.
The Fredriksen investment vehicle now has $71m of the bonds.
Another Fredriksen affiliate, Hemen Holding, owns 41.06% of Golden Ocean.
The move follows a purchase by Geveran on 4 December of $10.8m of the notes at NOK 81.10 each.
It previously added $10m in September.
Golden