COINDESK DAILY: Norway Central Bank’s Fund Owns $500M of MicroStrategy

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 30 January 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Host Christine Lee breaks down the latest news in the crypto industry as Norway’s sovereign wealth fund has amassed almost $360 million in indirect bitcoin exposure. Norway’s sovereign wealth fund has amassed almost $360 million in indirect bitcoin exposure, while simultaneously investing in bitcoin-related companies such as MicroStrategy to the tune of $500 million. Plus, the market reaction to the Federal Reserve holding rates steady and Trump Media offering crypto services through Truth.Fi. CoinDesk's Christine Lee reports on "CoinDesk Daily." - From our sponsor: In Chinese, belief means trust. For 10 years, Consensus has united those who believe in building a new internet where everyone has value. Join us at Consensus Hong Kong February 18 - 20, 2025 where belief becomes real. Connect with global leaders, innovators, and investors shaping the future of Web3, and experience the power of collaboration at the industry's most influential event. Register now: https://go.coindesk.com/3BeigBq - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	Norway's sovereign wealth fund has hundreds of millions of dollars in Bitcoin exposure.
0:05.0	It's Thursday, January 30th, 2025.
0:08.0	I'm Christine Lee. This is CoinDest Daily.
0:11.0	We all want to believe in something.
0:18.0	In Chinese, belief also means trust.
0:21.9	We want to trust our systems and each other so we can build a future beyond what we know.
0:27.6	Join us at Consensus Hong Kong, where belief becomes real.
0:31.8	The world's largest sovereign wealth fund, Norway's Norj Bank Investment Management has amassed
0:36.7	almost 360 million in indirect Bitcoin
0:40.2	exposure, according to K33 research. At the end of 2024, the fund indirectly held over 3,800
0:47.2	BTC, reflecting a 153% year-over-year increase, according to K33. Analysts say Norway's indirect Bitcoin exposure is likely a result of sector-weighted portfolios,
0:59.5	as crypto-proxies appreciate and value their portfolio weightings increase.
1:03.6	The wealth fund also has investments in Bitcoin-related companies, such as $500 million worth
1:08.7	of micro-strategy shares, Coinbase, Tesla, Mara, and others.
1:14.7	The crypto market is trading positively after the U.S. Federal Reserve kept interest rates steady
1:19.9	at 4.5% as expected, the first pause since the central bank began easing policy last September.
1:28.3	The companying policy statement noted that the unemployment rate had stabilized at a low level and inflation remained somewhat elevated.
1:35.3	The wording was hawkish as it removed last month's reference to progress on inflation moving to its 2% target.
1:42.3	Trump Media, the company behind Trump backedbacked Truth Social, is launching a financial services platform,
1:50.0	truth.fi.
1:51.0	The platform will focus on cryptocurrencies and customized ETFs.
1:55.0	DJT shares continue to climb Thursday after surging on the news Wednesday. Plus, Trump meme coins can now
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.