標準特許報告通過MicroStrategy Holdings增長了主權比特幣的曝光率，到2029年，到2029年的價格上漲，截至2025年5月，其目標價為500,000美元。

Standard Charter的傑夫·肯德里克（Geoff Kendrick）表示，最近的SEC 13F文件支持到2028年底可能將比特幣上升至500,000美元。而直接ETF持有在Q1中浸入

Standard Chartered is reporting growing sovereign interest in Bitcoin through its exposure to MicroStrategy, backing a $500,000 price target by 2029.

Standard Chartered報告說，比特幣對比特幣的主權利息日益增加，其接觸MicroStrategy，到2029年將支持500,000美元的目標目標。

Standard Chartered’s report, based on Q1 2025 SEC 13F filings, showcases a significant increase in sovereign wealth funds and government entities holding shares in MicroStrategy (NASDAQ:MSTR), a company known for its massive Bitcoin holdings.

Standard Charter的報告根據第1季度2025 SEC 13F文件，展示了主權財富基金和持有MicroStrategy股份（NASDAQ：MSTR）的政府實體，該公司以其大規模的比特幣持有股而聞名。

As the SEC filings show, several sovereign wealth funds and government entities have been adding to their positions in MicroStrategy, effectively accumulating a large amount of Bitcoin exposure.

正如SEC文件所示，幾個主權財富基金和政府實體一直在增加其在微觀環境中的立場，從而有效地積累了大量的比特幣風險。

Among the notable additions are:

著名的增加是：

• Norway’s Government Pension Fund, which is the largest in the world, increased its position in MicroStrategy throughout the quarter, ultimately adding the equivalent of 700 BTC.

•挪威的政府養老基金是世界上最大的養老金，在整個季度中提高了其在MicroStrategy中的地位，最終增加了相當於700 BTC。

• The Swiss National Bank also boosted its position in MicroStrategy, incrementally adding the equivalent of 700 BTC to its portfolio.

•瑞士國家銀行還提高了其在MicroStrategy中的地位，並在其投資組合中逐漸增加了700 BTC。

• South Korea’s pension funds, known for their significant investments, collectively increased their exposure to MicroStrategy by 700 BTC.

•韓國以大量投資而聞名的韓國養老基金將其對微觀流通的曝光率增加了700 BTC。

Moreover, U.S. state retirement funds, including those in California, New York, North Carolina, and Kentucky, displayed interest in MicroStrategy, incrementally adding a collective 1,000 BTC equivalent to their holdings.

此外，美國國家退休基金，包括加利福尼亞，紐約，北卡羅來納州和肯塔基州的退休基金，對微觀造成的興趣表現出興趣，並逐漸增加了一個集體的1,000 BTC，相當於其股份。

First-time buyers like Saudi Arabia and France entered the space with smaller positions, signaling expanding global interest.

沙特阿拉伯和法國等首次購房者以較小的位置進入了該空間，這表明擴大了全球興趣。

This indirect exposure aligns with a broader trend of institutional adoption. Standard Chartered’s head of digital assets, Geoffrey Kendrick, highlighted that several institutions, including Cathie Wood’s ARK Invest and Charles Schwab’s (NYSE:C) mutual funds, showed keen interest in Bitcoin.

這種間接的暴露與機構採用的更廣泛趨勢保持一致。 Standard Charter的數字資產負責人Geoffrey Kendrick強調，包括Cathie Wood的ARK Invest和Charles Schwab的（NYSE：C）共同基金在內的幾個機構表現出對比特幣的興趣。

Kendrick further emphasized that this trend supports Standard Chartered’s $500,000 Bitcoin BTC price target by 2029, coinciding with the end of President Donald Trump’s term.

肯德里克（Kendrick）進一步強調，這一趨勢支持憲章到2029年的$ 500,000比特幣BTC價格目標，這與唐納德·特朗普總統的任期結束時相吻合。

However, the report also noted a decline in direct Bitcoin ETF ownership, with Wisconsin unloading its 3,400 BTC-equivalent position in BlackRock’s (NYSE:BLK) IBIT ETF, indicating a strategic shift toward indirect exposure via MSTR.

但是，該報告還指出，直接比特幣ETF所有權的下降，威斯康星州在BlackRock（NYSE：BLK）IBIT ETF中卸載了其3,400 BTC當量的位置，這表明通過MSTR朝著間接暴露的戰略轉變。

This shift could be attributed to the varying risk appetites of different government entities, with some preferring the concentrated exposure of a few large positions, while others might favor a more diversified approach with smaller ETF holdings.

這種轉變可以歸因於不同政府實體的不同風險胃口，有些人更喜歡集中接觸一些大型職位，而另一些人則更喜歡使用較小的ETF持有量進行更多元化的方法。

The growing sovereign interest in Bitcoin via MicroStrategy underscores its increasing acceptance as a store of value among traditional financial entities.

通過MicroStrategy對比特幣的主權興趣不斷增強，這強調了其作為傳統金融實體中價值存儲的越來越多。

This aligns with reports from River and DeItaone on social media, highlighting the magnitude of MicroStrategy’s strategy in diverting funds from traditional assets like bonds.

這與社交媒體上的River和Deitaone的報導保持一致，強調了Microstrategy在將資金從債券等傳統資產中轉移出來的戰略的規模。

With its strategy of using debt to acquire Bitcoin—adding $42.6 billion to corporate treasuries since 2021, as per River’s May 2025 report—MicroStrategy has become a proxy for Bitcoin exposure, especially for entities like the Saudi Arabia sovereign fund, which prefer not to invest directly in cryptocurrencies but seek exposure through equities.

憑藉其使用債務收購比特幣的策略，自2021年以來，根據River的2025年5月的報告，將其添加到公司國庫中的426億美元 - Microstrategy已成為比特幣暴露的代理，尤其是對於像沙特阿拉伯阿拉伯人這樣的實體，尤其是針對諸如Saudi Arabia Arabia Severeign Fund，不直接在CryptoCurencies中進行投資，而是通過Equiesities進行Equiesities。

This trend could drive Bitcoin’s price higher, as increased demand from sovereign funds may reduce available supply, potentially pushing the cryptocurrency to the $150,000 level by the end of 2025 if institutional inflows continue at the current pace.

這種趨勢可能會推動比特幣的價格提高，因為主權基金的需求增加可能會減少可用的供應，如果機構流入以當前的速度繼續下去，則可能會在2025年底之前將加密貨幣推向150,000美元。