PANews May 20 news, according to CoinDesk, Standard Chartered Bank's latest research report shows that many government agencies increased their holdings of Bitcoin concept stocks MicroStrategy (MSTR) in the first quarter of this year, indicating that in regions where direct holding of Bitcoin is restricted by regulation, official funds are obtaining exposure to crypto assets through stock channels. Data shows: 1. Sovereign funds increase holdings: The Norwegian Government Pension Fund and the Swiss National Bank together increased their holdings of MSTR positions equivalent to 700 Bitcoins; the South Korean National Pension and Investment Corporation jointly increased their holdings of 700 BTC equivalent stocks. 2. Local pension funds enter the market: The retirement funds of California, New York and North Carolina in the United States have increased their holdings of stocks equivalent to about 1,000 BTC. The French Trust Bureau and the Saudi Central Bank established MSTR positions for the first time. The report pointed out that such holdings reflect the "structural demand growth" for Bitcoin, supporting the bank's core forecast that Bitcoin will reach $500,000 before President Trump leaves office.