**Norway’s sovereign wealth fund, the world’s largest with $1.7 trillion in assets, has significantly increased its bitcoin exposure by 83% in the second quarter of 2025**, according to Geoffrey Kendrick, Standard Chartered’s global head of digital assets research. This move underscores the growing institutional interest in bitcoin as a viable asset class.

### **Key Highlights**
- **Norges Bank Investment Management** boosted its bitcoin-equivalent exposure from **6,200 BTC to 11,400 BTC** in Q2.
- The majority of this exposure is through **MicroStrategy shares**, with a minor addition in **Metaplanet**, often referred to as Japan’s MicroStrategy.
- Kendrick emphasizes that this **83% increase in a single quarter** is a proactive position, indicating strong confidence in bitcoin’s value.

### **Why This Matters**
MicroStrategy remains the **largest publicly traded corporate holder of bitcoin**, with **628,946 BTC** worth nearly $74 billion. Metaplanet, though smaller, holds **18,113 BTC** valued at over $2 billion. This trend highlights how **sovereign wealth funds and government entities are increasingly leveraging corporate holdings to gain indirect exposure to bitcoin**.

### **Broader Implications**
Kendrick has been notably bullish on crypto, recently raising his **bitcoin price forecast to $135,000 by September 2025** and maintaining a **$200,000 year-end target**. His long-term projection for 2028 stands at an ambitious **$500,000**. Beyond bitcoin, he has also revised upwards his predictions for **Ethereum, BNB, Avalanche’s AVAX, and XRP**, signaling broad optimism across the crypto market.

![Standard Chartered News Editorial](https://stat.theblock.co/cdn-cgi/image/format=webp,q=50/wp/uploads/2024/06/standard_chartered_news_editorial-1200x675.jpg)

### **Market Sentiment**
This development is a **strong bullish signal** for bitcoin, reflecting growing institutional adoption and confidence in its long-term value proposition.

Norges Bank Investment Management increased its bitcoin-equivalent exposure from 6,200 BTC to 11,400 BTC in Q2, says Standard Chartered.

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