Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

In a world increasingly becoming digital-first, the role of cryptocurrency, particularly bitcoin, in the portfolios of some of the globe's largest investment funds is drawing attention The Norwegian Sovereign Wealth Fund, known for being one of the largest of its kind globally, has made headlines by holding bitcoin worth nearly US$149 48 million This move underscores a significant shift in how institutional investors perceive digital currencies Growing bitcoin Holdings in Norwegian Sovereign Wealth Fund The fund's current bitcoin holdings stand at 2,446 BTC, marking an increase of 938 bitcoin from December 31, 2023...

In a recent strategic move, Norway's Government Pension Fund Global, managed by Norges Bank Investment Management, has significantly increased its stake in MicroStrategy, a company renowned for its hefty bitcoin assets The fund, which boasts an impressive 18 trillion Krone ($1 7 trillion) in assets, has made a notable investment, indicating a broader trend towards diversification in its portfolio The Strategic Investment in MicroStrategy Norges Bank Investment Management, the entity behind Norway's vast wealth fund, has reportedly allocated $217 million towards MicroStrategy This investment grants the fund a 0...