Standard Chartered Bank: Norges Central Bank Investment Management (NBIM) increased its holdings of Bitcoin-related assets by 83% in Q2

according to The Block, Geoffrey Kendrick, the head of digital asset research at Standard Chartered Bank, stated that the Norwegian Central Bank Investment Management Company (NBIM) increased its bitcoin-related assets from 6200 BTC equivalent to 11400 BTC in the second quarter, an increase of 83%. The fund mainly increased its exposure to bitcoin by holding more MicroStrategy (MSTR) stocks, while also slightly increasing its holdings in Metaplanet.

Currently, MicroStrategy holds 628,900 BTC and Metaplanet holds 18,100 BTC. Kendrick maintains a year-end target price of $200,000 for bitcoin and predicts it could reach $500,000 by 2028.