According to The Block, Geoffrey Kendrick, head of digital asset research at Standard Chartered, said that Norges Bank Investment Management (NBIM) increased its bitcoin-related asset holdings from 6,200 BTC equivalents to 11,400 in the second quarter, an increase of 83%. The fund mainly gained bitcoin exposure by increasing its holdings in MicroStrategy (MSTR) shares, while slightly increasing its holdings in Metaplanet.
MicroStrategy currently holds 628,900 BTC and Metaplanet 18,100. Kendrick maintains a $200,000 price target for Bitcoin by the end of the year and forecasts that it could reach $500,000 in 2028.
Standard Chartered: Norges Bank Investment Management (NBIM) Increases 83% of Bitcoin-Related Assets in Q2
2025-08-16 14:30:46
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