Standard Chartered reports growing sovereign Bitcoin exposure through MicroStrategy holdings, backing a $500,000 price target by 2029, amid rising institutional interest as of May 2025. SEC DATA BACKS BITCOIN $500K TARGET BY 2028: STANDARD CHARTERED Standard Chartered’s Geoff Kendrick says recent SEC 13F filings support a possible rise in Bitcoin to $500,000 by end-2028. Standard Chartered’s report, based on Q1 2025 SEC 13F filings, reveals that sovereign wealth funds and government entities have significantly increased their holdings in MicroStrategy, a company known for its substantial Bitcoin investments.