A Danish pension fund plans to sell $100 million to the Treasury, citing the US government’s “bad” finances.

Danish pension operator Academic pension he said the US is pulling out of the Treasury because of financial issues, as the country talks to the president Donald Trump on their calls to occupy Greenland.

Anders Schelde, head of investment at AkademikerPension, said the decision was based on what he sees as “poor (US) government finances” in America’s crisis. debt crisis. But it comes amid heightened tensions between the US and Denmark following Trump’s latest threats rate European countries if Greenland is not sold to America.

“It’s not directly related to the ongoing rift between (the U.S.) and Europe, but it didn’t make the decision difficult,” Schelde said in a statement to CNBC.

The fund currently has a position of about $100 million in US Treasuries, an AkademikerPension spokesperson confirmed to CNBC. It plans to leave this holding by the end of the month.

Schelde mainly cited the debt bill the US is facing after decades of government overspending. USA a budget deficit is $1.78 trillion last year fell just under 2% from fiscal 2024 as Trump’s sweeping and steep tariffs took effect.

Moody’s ratings It downgraded the U.S. sovereign credit rating to Aa1 from Aaa last year, citing high borrowing costs associated with budget deficits and high-interest-rate debt.

The U.S. Treasury thought “we have to make an effort to find an alternative way to manage liquidity and risk,” Schelde said. “Now we have found such a way and we are implementing it.”

But the move also comes as Denmark’s hostility to the US has grown, as Trump has stepped up his call for Greenland, the Arctic island ruled by the European nation. Trump said he would create the institute over the weekend rates to several European countries As of February 1, if the U.S. does not take control of Greenland, and those fees may rise to 25% on June 1.

There are European leaders use is provided resulting in counter-tariffs and other economic sanctions. Some investors fear that European countries may dump their US assets in response to Trump’s new tariffs.

Greenland Prime Minister Jens-Frederik Nielsen said on Monday “no pressure” and “committed to dialogue, respect and international law.”

Treasury yields in the US and abroad rose on Tuesday, a sign that investors are feeling increasing geopolitical stress. The U.S. dollar and stocks fell during the session, while gold rose to an all-time high “Selling America” ​​trade.

Founder of Bridgewater Associates Ray Galio On Tuesday, sovereign wealth funds told CNBC that they could withdraw from U.S. investment if they no longer see the U.S. as a stable trading partner.

“On the other side of trade, deficits and trade wars are capital and capital wars,” Dalio said About it on CNBC’s “Squawk Box” In World Economic Forum DavosSwitzerland. “If you take conflicts, the possibility of capital wars cannot be ignored. In other words, maybe less inclined to buy … US debt, etc.”

Reuters first reported the Danish pension fund’s exit from the treasury.