According to Standard Chartered Bank's report, the Norwegian central bank increased its Bitcoin-related assets by 83% in Q2, from 6,200 to 11,400 coins, mainly through MicroStrategy stocks.

Norway's move is quite low-key, but its impact is significant; NBIM, as a leading global fund, increasing its holdings in MSTR indirectly acknowledges the long-term value of Bitcoin. I believe this will encourage more sovereign funds to follow suit.

Today's news about Bitmine's ETH holdings exceeding $5 billion is similar; the trend of institutions hoarding coins is spreading. Combined with the Federal Reserve easing regulations, the prediction of $500,000 by 2028 is not exaggerated. It is recommended to pay attention to Asian players like Metaplanet, as they might be the next to take the spotlight.