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Global Finance Turns to Bitcoin
Norway’s sovereign wealth fund, the Government Pension Fund Global, has dramatically increased its indirect exposure to Bitcoin, according to a new report analyzed by Standard Chartered’s Geoffrey Kendrick. The fund saw an 83% jump in bitcoin-equivalent holdings during Q2, primarily through its investments in MicroStrategy, which holds the largest corporate stash of BTC, and a smaller stake in Metaplanet, a Japanese firm also buying Bitcoin aggressively. This highlights how sovereign wealth funds and institutional investors are gaining crypto exposure indirectly by investing in companies that hold Bitcoin on their balance sheets. Kendrick also reaffirmed his bullish predictions for Bitcoin and Ethereum over the coming years, signaling growing confidence in crypto adoption at the highest levels of global finance.
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