According to The Block, Geoffrey Kendrick, head of digital asset research at Standard Chartered Bank, said that Norway's Central Bank Investment Management Corporation (NBIM) increased its position in bitcoin-related assets from 6200 BTC equivalents to 11400 in the second quarter, an increase of 83%. The fund mainly gained Bitcoin exposure by increasing its holdings in MicroStrategy(MSTR) shares, while slightly increasing its holdings in Metaplane. MicroStrategy currently holds 628,900 BTC and Metaplan holds 18,100 BTC. Kendrick maintains a target price of US$200,000 for Bitcoin at the end of the year and predicts that it may reach US$500,000 in 2028.