Government agencies are increasing their MicroStrategy holdings to gain exposure to Bitcoin amidst regulatory hurdles for direct investments.
This trend is observed particularly among sovereign funds like the Norwegian Government Pension Fund, demonstrating growing institutional interest in Bitcoin-backed assets.
MicroStrategy’s stock serves as a proxy investment, allowing funds to navigate regulatory constraints while enhancing their crypto portfolios.
Analysts predict a significant rise in Bitcoin’s value, aligning with a shift towards broader acceptance of cryptocurrencies in traditional finance.
This move reflects a notable growth in indirect Bitcoin exposure through stocks, increasing by over 300% in 2023.
Full story here: https://coincu.com/338681-government-agencies-increase-bitcoin-exposure-microstrategy
