According to a report by Standard Chartered, government entities have increased their holdings of Strategy (MSTR), which serves as a proxy for bitcoin, reflecting a desire for bitcoin exposure amidst regulatory constraints on direct BTC ownership. The first quarter of the year saw contributions from various global institutions, including Norway's Government Pension Fund and the Swiss National Bank, which together added the equivalent of 700 bitcoin. Additionally, U.S. state retirement funds added a total of 1,000 bitcoin equivalent, while other countries like South Korea and France also sought to gain exposure through MSTR. Standard Chartered's analysis links these actions to a broader institutional trend and supports the bank's forecast that bitcoin could rise to $500,000 before President Trump leaves office. Meanwhile, the direct holding data for bitcoin exchange-traded funds (ETFs) was deemed disappointing during the same period.

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