World’s largest sovereign wealth fund grows indirect BTC exposure by 153%
Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has accumulated a sizable exposure to Bitcoin (BTC) through indirect investments in a diversified portfolio of cryptocurrency-friendly companies.
Norway’s sovereign wealth fund invests $400 million in Bitcoin
Norway’s sovereign wealth fund, the Government Pension Fund Global (GPFG), has increased its indirect Bitcoin exposure by 153% year-over-year
World's largest sovereign wealth fund reports $222 billion annual profit on tech rally
Norway's sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a tech rally. Its return on investment came in at 13% for the year, 45 basis points lower than the return on the fund's benchmark index.
Norway’s Wealth Fund Reduced US Tech Exposure to Limit Risk
Norway’s sovereign wealth fund was underweight on US tech stocks last year, a move that hit 2024 returns but may have helped it weather recent turmoil caused by the challenge posed by Chinese artificial intelligence startup DeepSeek.
Norway's wealth fund grows Bitcoin exposure to 3,821 BTC
Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), was reported to have increased its indirect exposure to Bitcoin by 153% year-over-year, reaching a total of 3,821 BTC,
Elon Musk declined dinner with boss of $1.7 trillion fund that voted against his pay deal: 'Friends are as friends do'
Text messages show Elon Musk rejected a dinner invite from Nicolai Tangen, head of Norway's oil fund, and lectured him on how ...
Elon Musk gave the cold shoulder to Norway’s $1.4 trillion sovereign wealth CEO Nicolai Tangen after the fund snubbed the Tesla CEO’s pay package—twice
Musk texted Tangen it would be too “difficult and expensive” to travel to Oslo for a home-cooked dinner with other CEOs.
Norway wealth fund posts record $222 billion profit but warns tech boom won't last
Norway's $1.8 trillion sovereign wealth fund, the world's largest, reported on Wednesday a record annual profit of 2.51 ...
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Norges Bank returns 13% in 2024 on tech stocks gains
Norges Bank Investment Management — the official name of the $1.8 trillion fund — saw investments in equities gain 18% in ...
Central Banking7d
Norges Bank says time is not yet right for easing
Norway’s central bank today (January 23) kept its policy rate at 4.5% but signalled a cut was likely in March. Norges Bank ...
Norges Bank votes for activist's four candidates in Air Products board fight
Norway's sovereign wealth fund, one of Air Products and Chemicals' 10 biggest investors, said it will vote for all four of ...
Norges Bank keeps rates at 4.5%, sees cut in March
Norway’s central bank kept interest rates unchanged on Thursday at a 17-year high of 4.5%, as it said rates will likely be ...
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Norges Bank Holds Key Rate Steady, Still Eyes March Cut
Norway’s central bank held its key policy rate at 4.5% and reaffirmed that it will likely begin monetary policy easing in March, but noted concern over potential trade tariffs from the U.S. The ...
Cryptopolitan on MSN7h
Norway’s Central Bank’s now owns MicroStrategy shares
Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has disclosed that it owns over $500 billion worth ...