Key takeaways:
Norges Bank lost $40 billion in Q1 2025 as US tech stocks fell, exposing the risk of concentrated positions.
The bank’s indirect Bitcoin exposure via stocks reached $356 million, raising sell pressure risk amid a global trade war and recession concerns.
Abu Dhabi’s $437 million spot Bitcoin ETF stake shows sovereign wealth funds see Bitcoin as a hedge.
Norges Bank, Norway’s $1.7 trillion sovereign wealth fund, reported a $40 billion loss in the first quarter of 2025, with most of the decline caused by a drop in the value of US-listed technology companies. Norges Bank also indirectly owned 3,821 BTC through its stock market investments by the end of 2024, presenting a potential sell pressure risk to Bitcoin, especially when considering the socio-political uncertainty and the risk of an economic recession caused by the global trade war.
In such times, could Norges Bank increase its investments in