#以太坊投资机会 Looking at the disclosures from listed companies this week, I felt a sense of familiarity. In 2013, I saw a similar turning point—back then, institutions also started to take Bitcoin seriously, just on a much smaller scale. Now, Strategy holds 660,000 BTC, and Twenty One Capital revealed 43,500 BTC on its first day. This is no longer investors gambling; it’s listed companies making strategic allocations.

What’s interesting is that this time, things are different. Bitcoin remains the core asset, and that hasn’t changed, but Ethereum, Filecoin, and others have been added to portfolios. Republic Technologies increased its ETH holdings to over 1,570, and Shuntai Group directly invested $200,000 in Filecoin for mining collateral. What does this indicate? It shows that listed companies have evolved from a binary choice of "to hold or not" to a multi-dimensional approach of "how to utilize these assets effectively."

I’ve experienced the frenzy of 2017 and the winter of 2018, and I’ve seen the resurgence in 2021. In every cycle, the ones truly making money are never the trend followers but those who understand the essence of assets and can match them to business scenarios. The actions of listed companies now reflect this—no longer viewing Ethereum as a gamble but as infrastructure. Continuous DCA, dedicated funding for acquisitions—these are signals of long-termism.

From this perspective, the investment opportunity in Ethereum becomes clear. When institutions start treating you as a means of production rather than a speculative asset, that’s the real shift in the landscape.