Standard Chartered: Norway Sovereign Wealth Fund Increased Bitcoin Holdings by 83% in Q2

According to ChainCatcher, citing The Block, Standard Chartered analyst Geoffrey Kendrick revealed that Norges Bank Investment Management (NBIM) saw an 83% surge in its Bitcoin-related holdings in Q2 (from 6,200 to 11,400 BTC), primarily achieved through increased holdings of MicroStrategy stock. Norges Bank Investment Management, also known as the Norwegian Government Pension Fund Global, is the world’s largest sovereign wealth fund, managing $1.7 trillion in assets.