Government Entities Increase Strategy Holdings, Indicating Bitcoin Demand Growth

Government entities increased their holdings of Strategy (MSTR), a proxy for bitcoin, in Q1, according to the U.S. SEC and Standard Chartered's report.

MSTR allows exposure to bitcoin where direct BTC holdings are restricted.
Strategy holds 576,230 BTC valued at approximately $59 billion.
Norway's Government Pension Fund and the Swiss National Bank added 700 BTC equivalent.
The South Korean National Pension Service and Korea Investment Corporation also increased holdings by 700 BTC equivalent.
U.S. state retirement funds (California, New York, North Carolina) collectively added 1,000 BTC equivalent.
Sweden's AP Funds and Liechtenstein's Landesbank grew MSTR holdings marginally.
France's CDC and the Saudi Central Bank entered MSTR with small positions.
Bitcoin ETF direct holding data was disappointing in Q1.
Standard Chartered predicts bitcoin could reach $500,000 before President Trump leaves office due to growing institutional interest.