10H·

Norway's 🇳🇴 sovereign wealth fund on course for Bitcoin: from oil 🛢️zu digital treasures 🧡

The Norwegian sovereign wealth fund has increased its Bitcoin exposure $BTC (-0,1 %) increased by 153% in 2024. This increase results from investments in companies such as MicroStrategy, Marathon Digital and Riot Platforms, which hold significant Bitcoin holdings. The fund now holds indirectly 1,500 Bitcoin worth around 35 million US dollars. This development reflects the growing institutional interest in cryptocurrencies.

#bitcoin

https://coin-update.de/norwegens-staatsfonds-erhoeht-bitcoin-engagement-um-153-in-2024/

coin-update.deNorwegens Staatsfonds erhöht Bitcoin-Engagement um 153% in 2024 Coin-Update

8 Commentaires

Vanessa@Nessava

10H

And Germany sold how many confiscated Bitcoins last year again? 🙈🙄🙄🙄

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Staatsmann@Staatsmann

@Nessava There was no choice but to sell them.

The state is not allowed to speculate with confiscated capital, but must secure the funds.
BTC could just as well be at USD 1000 now and people would ask "Why didn't they sell?".

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user5ca946a11b6a4278@user5ca946a11b6a4278

@Staatsmann
So gold is also sold directly if it has been confiscated?

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Lukas1000@Lukas1000

@Staatsmann Yes, we would need a change of direction in Germany in terms of speculative goods and investments. Thank goodness there is now slowly a change in thinking. Nevertheless, the FDP (even if it is driving this change) is unfortunately unelectable for me due to its cooperation with our fascist party...

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Harald@Madhatter5566

@user5ca946a11b6a4278 Yes, of course. Just like all other non-monetary assets that could lose value. The point is that if it goes wrong and has to be returned, the state is not liable

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Staatsmann@Staatsmann

@Lukas1000 Asset protection will continue in the future with the confiscation of capital. 😅
This has less to do with crypto, because the same would also happen with shares, as the state is not allowed to enrich itself with these things either.

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Staatsmann@Staatsmann

@user5ca946a11b6a4278 Correct, they would also be transferred to the market during confiscation in order to secure the capital.

Real estate is also frozen, but not sold directly.

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McZed@McZed

$BTC is definitely becoming more interesting for institutional investors. However, the article is also a good example of how a large percentage-based presentation creates a false image.

Despite the large increase, the $350m BTC hold only corresponds to 0.025% of the entire fund - hardly significant. In addition, there is talk of indirect investment - i.e. no specific BTC focus but BTC somewhere as a follower in the fund's "classic" positions. Indirect investment is a nice term - this can also be achieved simply by increasing the value of existing positions (154% corresponds relatively exactly to the increase in value of BTC in 2024, for example) or through positions that have been held for some time and which now increasingly incorporate BTC.

All in all, no reason to get FOMO now - rather a recommendation to take a look at the totals instead of trusting article presentations.

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