The Norwegian State Pension Fund, the largest sovereign wealth fund in the world, owns 577.58 BTC through its investment holdings.
Arcane Research analysis shows that the Norwegian State Pension Fund indirectly owns 577.58 BTC invested in MicroStrategy, a business analytics company.
MicroStrategy founder Michael Saylor recently tweeted that his company owns 38,250 BTC. If you distribute this stake according to the shares of the company, you get the following picture:
Two major investment firms, BlackRock Fund Advisors and Vanguard Group, hold 15.24% (5829.3 BTC) and 11.72% (4482.9 BTC) of MicroStrategy shares, respectively. The Norwegian State Pension Fund owns 1.51% of MicroStrategy’s shares. Thus, the dollar value of the fund’s share in BTC is about $6.3 million.
Vanguard Group is one of the world’s largest investment companies, managing assets worth about $6.2 trillion as of January 31, 2020. At the same time, the company is interested in the blockchain and cryptocurrencies. In the summer, Vanguard has completed the first phase of testing the system of settlements in securities on the blockchain.
Traditional investment funds are increasingly paying attention to crypto assets. In summer, Grayscale Investments carried out a rebalancing of the Digital Large-Cap fund, which includes cryptocurrencies with large market capitalization. The shares of BTC and ETH were increased by XRP, BCH, and LTC.
Technical analysis of Bitcoin (BTC):
Over the past weekend, the price of bitcoin rose to the resistance level of $11,200. Then it dropped to the support level of $10,500. Now, the price of bitcoin is $10,570. In the future, we predict a small upward movement, followed by a decline. The nearest resistance levels are $10,700, $10,800, $10,900, $11,000, $11,100, $11,300, $11,400, $11,500, $11,650, $11,850, $12,000, $12,230, $13,000, $13,500. The nearest support levels are $10,500, $10,340, $10,250, $10,200, $10,000, $9,850, $9,600, $9,400, $9,300, $9,200, $9,000, $8,600.
Technical analysis of Ethereum (ETH):
Over the past weekend, the price of ethereum dropped slightly to the support level of $350. Now, it is $ 345. In the future, we predict an upward movement with a subsequent decline. The nearest resistance levels are $350, $355, $365, $375, $380, $385, $390, $400, $410, $415, $420, $430, $440, $443, $470, $475, $500, $530. The nearest support levels are $330, $325, $310, $300, $290, $277, $270, $260, $257, $250.
Technical analysis of Ripple (XRP):
Over the past weekend, the price of ripple dropped to the support level of $0.2360. Now, it is $0.2350. In the future, we predict an upward movement, followed by a decline. The nearest resistance levels are $0.2450, $0.2480, $0.25, $0.2550, $0.2580, $0.26, $0.27, $0.28, $0.29, $0.2960, $0.30, $0.3080, $0.31, $0.32, $0.3250, $0.3450. The nearest support levels are $0.2350, $0.23, $0.2250, $0.22, $0.2150, $0.21, $0.2060, $0.2020, $0.20.
