Bitcoin exhibition of Norges Bank UPS by 84%: Standard Chartered

Norway’s Norges Bank, the largest sovereign fund in the world with $ 1.7 billion in assets, increased its Bitcoin participations by almost 84% in the second quarter, mainly by buying actions in the strategy of Michael Saylor and Metaplanet based in Japan.

It is according to Standard Charted, which indicates that Norges Bank increased its total indirect assets to 11,400 BTC, against 6,200 BTC during the period.

The chief of digital assets of Standard Chartered, Geoffrey Kendrick, described the thrust as a “proactive position”, reflecting a broader trend of sovereign funds and government entities stimulating the indirect exposure of Bitcoin via companies focused on cash.

Kendrick reached his conclusions by analyzing 13F parades to the Securities and Exchange American Commission (SEC) by companies with holdings in the FNB BTC (Stock Exchange Fund), the strategy and Metaplanet.

Kendrick recently increased his end -of -year BTC goal to $ 200,000, aligning with the CEO of Canary Capital Steven McClurg, who predicted that BTC could reach $ 140,000 at $ 150,000 this year even in the midst of the expected federal reserve rate.

Bitcoin exhibition of Norges Bank Ups at 11.4K BTC

Norges Bank has built its exposure to the BTC by mainly holding actions in the strategy. With the latest analysis, however, Kendrick noted that the fund was somewhat diverted from this trend and also bought Metaplanet actions, which is often considered “Japan’s strategy”.

While Norges Bank may seem to diversify his assets in Bitcoin cash societies, Kendrick said that the fund has always had a high concentration in terms of strategy. Currently, the assets of the fund in Metaplanet represent an equivalent of 200 BTC.

Norges Bank Investment Management, which oversees the sovereign heritage fund of Norway, double Bitcoin through $ Mstr And $ MTPLF. pic.twitter.com/17kc5zfqx0

– Dylan LECLAIR (@DYLANLLECLAIR_) August 15, 2025

The strategy and the metaplanet have been among the most active Bitcoin cash companies in recent months.

Strategy (MSTR) is currently the largest company Bitcoin holder with 628,946 BTC on his balance sheets, according to data Bitcointheries. Meanwhile, Metaplanet is classified at number 7 with his assets of 18,113 BTC.

Kendrick adjusts the end -of -year target to $ 200,000 by the end of the year

Kendrick’s analysis follows an observation made earlier in the year when he said that sovereign funds and government entities stimulated their indirect Bitcoin exposure in the first quarter by mainly buying strategy actions. He also predicted that this trend will continue throughout the year.

Last month, the approved standard analyst increased its Bitcoin price target to $ 135,000 by September 30. He also reiterated a price target of $ 200,000 for the end of the year.

These objectives comply with those shared by the CEO of Canary Capital Steven McClurg.

Speaking For CNBC on August 15, he said that there was always the possibility that BTC will reach the range of $ 140,000 to $ 150,000 “this year before the bear market next year.”

McClurg added that he was not confident in the current macroeconomic perspectives and warned against a wider lower market.

He argued that there should have already been a drop in interest rates in the United States, adding that it expects the discounts to be announced in September and October.

Polymarket bettors also believe that interest rate reductions will be announced soon. A contract On the decentralized Paris platform, asking when the first drop in interest rates of the federal reserve will show increased chances for September and October.

Fed rate reduction ratings per month (source: polymarket)

At 2:03 a.m., it is likely that the next drop will take place in September at 73% after an increase of 4% in the last 24 hours, while the dimensions of a drop in October are 89% after an increase of 2%.

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