Norway’s sovereign wealth fund sharply increased its indirect Bitcoin (CRYPTO: BTC) holdings in the second quarter, according to a Standard Chartered analysis of U.S. SEC 13F filings.
Geoffrey Kendrick, head of digital assets research at Standard Chartered, said Norges Bank Investment Management, which manages the country’s sovereign wealth fund, grew its Bitcoin-equivalent exposure from 6,200 BTC to 11,400 BTC, an 83% increase from the previous quarter.
The position remains concentrated in shares of Strategy (NASDAQ:MSTR), with a smaller addition of roughly 200 BTC equivalent …