Norway's Sovereign Wealth Fund Increases Its Holdings Of Bitcoin Related Assets by 83%

Standard Chartered Bank's Global Head of Digital Assets, Geoffrey Kendrick, stated that Norges Bank Investment Management increased its Bitcoin-related asset holdings by 83% in the second quarter. The fund raised its Bitcoin equivalent exposure from 6,200 BTC to 11,400 BTC, an increase of 83%. Almost the entire position is invested in MicroStrategy, with an additional position of approximately 200 BTC equivalent in Metaplanet. Norges Bank Investment Management, also known as the Norwegian Government Global Pension Fund, is the world's largest sovereign wealth fund, managing $1.7 trillion in assets.