News list for " norway"
Norway's Norges Bank Investment Management (NBIM) has accumulated $356.70 million in indirect Bitcoin (BTC) exposure, K33 Research said. The data shows that the fund indirectly held 3,821 BTC at the end of 2024, up 153% from 1,507 BTC in the same period last year. In addition, the fund also holds $500 million worth of MicroStrategy shares, as well as some Coinbase (COIN), Metaplanet (3350) and MARA Holdings (MARA) holdings.
According to Bitcoin Magazine, Norges Bank Investment Management has disclosed that it holds $500 million worth of MicroStrategy shares.
Norway's sovereign wealth fund: 13% return on investment in 2024.
Norwegian Wealth Fund CEO: I don't think cryptocurrencies will be part of our portfolio anytime soon.
Nicolai Tangen, head of Norway's $1.80 trillion sovereign wealth fund, said investors willing to buck the market in the coming months should consider selling US tech stocks and private credit while increasing their holdings in China. "The best thing to do is always to do the opposite of everyone else, and what should be done now? Well, if you want to do the opposite, it's to sell US tech stocks, buy China, sell private credit, buy obsolete stuff," Nicolai Tangen said in an interview on the sidel...
According to the fund's website, the value of Norway's sovereign wealth fund exceeded 20 trillion Norwegian kroner.
According to market news, the watchdog of Norway's wealth fund will conduct a review of footwear producers, cryptocurrencies, and gaming companies in 2025, which could lead to divestments.
Statoil said oil production at Norway's largest oil field, Sverdrup, has been temporarily suspended.
On Monday, Statoil said it had halted production at Johan Sverdrup, the largest oil field in Western Europe, due to an onshore power outage, but there was no clear timetable for a restart. Oil prices rose on the news, following a surge in oil prices affected by the escalation in Russia and Ukraine. UBS analyst Giovanni Staunovo said oil prices were boosted by the news as supply disruptions could tighten the North Sea crude market. Physical supply of North Sea crude supports Brent crude futures.
Norway's central bank, Norges Bank, has endorsed the European Union's Crypto Asset Market Supervisory Authority (MiCA) as the country evaluates the possibility of adopting a central bank digital currency (CBDC). Kjetil Watne, project director for Norges Bank's CBDC project, said Norway, as a member of the European Economic Area (EEA), welcomed the MiCA framework. However, he noted that the bank was still considering "whether additional regulation is needed to promote financial stability". Norges...
