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Norway’s Norges Financial institution, the world’s largest sovereign wealth fund with $1.7 trillion in property, has boosted its Bitcoin holdings by nearly 84% within the second quarter, primarily by shopping for shares in Michael Saylor’s Technique and Japan-based Metaplanet.
That’s in keeping with Commonplace Chartered, which says Norges Financial institution raised its whole oblique holdings to 11,400 BTC from 6,200 BTC in the course of the interval.
Commonplace Chartered’s head of digital asset analysis Geoffrey Kendrick described the surge as a “proactive place,” reflecting a broader development of sovereign wealth funds and authorities entities boosting oblique Bitcoin publicity through treasury-focused companies.
Kendrick reached his conclusions by analyzing 13F filings with the US Securities and Trade Fee (SEC) by corporations with holdings in BTC ETFs (exchange-traded funds), Technique, and Metaplanet.
Kendrick not too long ago raised his year-end BTC goal to $200K, aligning with Canary Capital CEO Steven McClurg, which predicts BTC may hit $140K–$150K this 12 months even amid anticipated Federal Reserve charge cuts.
Norges Financial institution Ups Bitcoin Publicity To 11,4K BTC
Norges Financial institution has constructed its BTC publicity by primarily holding shares in Technique. With the most recent evaluation, nevertheless, Kendrick famous that the fund has diverted from this development considerably and has additionally purchased shares in Metaplanet, which is usually seen as “Japan’s Technique.”
Whereas Norges Financial institution could look like diversifying its holdings in Bitcoin treasury corporations, Kendrick stated the fund nonetheless has a heavy focus in direction of Technique. At the moment, the fund’s holdings in Metaplanet account for an equal of 200 BTC.
Norges Financial institution Funding Administration, which oversees Norway’s sovereign wealth fund, doubles down on bitcoin by $MSTR and $MTPLF. https://t.co/wiQna2YnHD pic.twitter.com/17kc5zfQX0
— Dylan LeClair (@DylanLeClair_) August 15, 2025
Technique and Metaplanet have been among the many most energetic Bitcoin treasury companies in latest months.
Technique (MSTR) is at present the most important company Bitcoin holder with 628,946 BTC on its steadiness sheets, in keeping with information from BitcoinTreasuries. In the meantime, Metaplanet is ranked at quantity 7 with its holdings of 18,113 BTC.
Kendrick Adjusts 12 months-Finish Goal To $200K By The Finish Of The 12 months
The evaluation by Kendrick follows an commentary made earlier within the 12 months, when he stated that sovereign wealth funds and authorities entities have been boosting their oblique publicity to Bitcoin within the first quarter by primarily shopping for shares in Technique. He additionally predicted that this development will proceed all year long.
Simply final month, the Commonplace Chartered analyst raised his Bitcoin worth goal to $135K by Sept. 30. He additionally reiterated a $200K worth goal for the top of the 12 months.
These targets are consistent with ones shared by Canary Capital CEO Steven McClurg.
Talking to CNBC on Aug. 15, he stated that there’s nonetheless the chance that BTC will soar to the $140K-$150K vary “this 12 months earlier than the bear market subsequent 12 months.”
McClurg added that he’s not assured within the present macroeconomic outlook, and warned of a broader bear market forward.
He argued that there ought to have already been an rate of interest minimize within the US, including that he expects cuts to be introduced in September and October.
Polymarket bettors additionally consider that rate of interest cuts will probably be introduced someday quickly. A contract on the decentralized betting platform asking when the earliest Federal Reserve rate of interest minimize will probably be reveals elevated odds for September and October.
Fed charge minimize odds by month (Supply: Polymarket)
As of two:03 a.m. EST, odds that the subsequent minimize will probably be in September stand at 73% after a 4% rise within the final 24 hours, whereas odds of an October minimize stand at 89% after a 2% improve.
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