#挪威主权财富基金支持Metaplanet的所有比特币提案 Core Conclusion: The Government Pension Fund of Norway (NBIM) has clearly supported all 5 Bitcoin-related governance proposals from Metaplanet, and will vote in favor at the shareholders' meeting on December 22. This is an important endorsement from a large sovereign fund for the BTC corporate treasury strategy.

Core Information

- Entity: Government Pension Fund Global (NBIM), approximately $2 trillion in size, the largest sovereign fund in the world.

- Holdings: Holds about **0.3%** of Metaplanet's circulating shares, achieving indirect exposure to BTC through this target and MSTR, Coinbase, etc.

- Proposals: Supports 5 management proposals of Metaplanet, mainly focusing on BTC treasury expansion, fund allocation, compliance governance, etc.

- Timing: Voting execution at the shareholders' meeting on December 22.

Market Impact

- 🔭 Signal Significance: The endorsement by sovereign funds strengthens BTC's positioning as an 'institutional allocation-grade asset,' boosting market confidence.

- 📈 Target Linkage: Metaplanet's stock price rebounded about 1.51% on the same day, leading to a rally in BTC concept stocks like MSTR.

- 🏦 Institutional Trend: Promotes traditional institutions to indirectly allocate BTC through compliant targets, reducing risks of direct holding compliance and volatility.

- ⚠️ Risk Reminder: NBIM is only making passive voting support, not new funding or direct increases, with limited short-term catalysts.

Key Background

Metaplanet (known as the 'Asian version of MSTR') will fully transform into a BTC treasury in 2024, planning to accumulate 210,000 BTC (about 1% of the total) by 2027, financing the purchase of coins through preferred stock, with no debt pressure.