Singapore’s Temasek has no plans to invest in cryptocurrency exchanges for now.
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Singapore's Temasek reports portfolio value drop, positive on China techSingapore investment firm Temasek Holdings (TEM.UL) on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March.
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Singapore’s Temasek has no interest in crypto for now: CNBCTemasek Holdings, Singapore’s state investment fund with a portfolio worth $286 billion, said it will not look at cryptocurrency-related investments in the near term.
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Breakingviews - Temasek is betting on all its stars aligningMisery loves company. That’s one consolation Temasek can take from a tricky year. Singapore’s state-owned investor already had to swallow an embarrassing $275 million hit from its investment in now-defunct cryptocurrency exchange FTX, with fellow backers like Sequoia Capital also suffering. Then on Tuesday, the fund revealed that the net value of its portfolio dropped 5.2% to S$382 billion ($285 billion) in the 12 months to the end of March. That did at least beat the 11% drop in MSCI’s Asia ex-Japan Index. But Temasek’s hopes for a more prosperous year or two ahead rely on matters mostly out of its hands.
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Bitcoin exchanges now hold the same BTC supply share as in late 2017Will Bitcoin see 'true price discovery' as a result of the ongoing BTC exchange supply squeeze?
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