Norges Bank UPS Bitcoin exposure with 84%: Standard Chartered

Noorways Norges Bank, the world’s largest sovereign power fund with $ 1.7 trillion in assets, has increased its bitcoin interests by almost 84% in the second quarter, mainly by buying shares in Michael Saylor’s strategy and the Metaplanet-based Metaplanet.

According to Standard Chartered, that says that Norges Bang has raised its total indirect interests to 11,400 BTC of 6,200 BTC during the period.

Standard Chartered’s Head of Digital Asset Research Geoffrey Kendrick described the Golf as a ‘proactive position’, which reflects a broader trend of sovereign asset funds and government entities that stimulate indirect bitcoin-blotation by treasury-oriented companies.

Kendrick reached his conclusions by analyzing 13F files at the US Securities and Exchange Commission (SEC) by companies with interests in BTC ETFS (Exchange Trade Funds), strategy and metaplanet.

Kendrick recently picked up his BTC goal at the end of the year to $ 200K, in line with CEO of Canary Capital, Steven McClurg, which predicts that BTC could reach $ 140k $ 150k this year, even in the midst of the expected reductions of the Federal Reserve.

Norges Bank UPS Bitcoin exposure to 11.4k BTC

Norges Bank has built up his BTC exposure by mainly keeping shares in strategy. With the latest analysis, however, Kendrick noted that the fund was somewhat derived from this trend and has also purchased shares in Metaplanet, which is often seen as ‘Japan’s strategy’.

While Norges Bank can diversify its participations in Bitcoin Treasury companies, Kendrick said that the fund still has a heavy concentration in the strategy. Currently, the interests of the Fund in Metaplanet are good for an equivalent of 200 BTC.

Norges Bank Investment Management, which supervises the sovereign Wealth Fund of Norway, doubles Bitcoin through $ mstrer And $ Mtplf. https://t.co/wiqna2ynhd pic.twitter.com/17KC5ZFQX0

– Dylan Leclair (@dylanleclair_) August 15, 2025

Strategy and metaplanet have been among the most active Bitcoin Treasury companies in recent months.

Strategy (MSTR) is currently the largest business Bitcoin holder with 628,946 BTC on the balance sheets, according to facts From BitcoinTreasuries. In the meantime, Metaplanet is ranked at number 7 with his possession from 18,113 BTC.

Kendrick adjusts the end of the year at the end of the year to $ 200k

Kendrick’s analysis follows an observation that was made earlier in the year, when he said that sovereign wealth funds and government entities encouraged their indirect exposure to Bitcoin in the first quarter by mainly buying shares in strategy. He also predicted that this trend will continue all year round.

Last month the Standard Chartered Analyst increased its Bitcoin objective to $ 135K by 30 September. He also repeated a price target of $ 200k before the end of the year.

Those goals are in line with the goals that are shared by Canary Capital CEO Steven McClurg.

Speaking To CNBC on August 15, he said that there is still the possibility that BTC will rise to the $ 140k $ 150k range “this year for the Berenmarkt next year.”

McClurg added that he does not have faith in the current macro -economic prospects and warned of a wider Bear market.

He argued that there should already have been an interest rate in the US, and added that he expected cuts to be announced in September and October.

Polymarket gamblers also believe that lowering the interest rate will soon be announced. A contract On the decentralized gambling platform that asks when the earliest federal interest limit is to be of the interest rate, shows increased opportunities for September and October.

Fed rate Opportunities per month (Source: Polymarket)

From 2:03 am Est, chances are that the next reduction will be 73% in September after an increase of 4% in the last 24 hours, while the chance of a SNED of October is after an increase of 2%.

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