#比特币机构配置与囤积 Recently, I observed an interesting phenomenon—global publicly listed companies are increasingly allocating assets to crypto, especially Bitcoin "accumulation" has become a norm. From Strategy's over 6.6 million BTC to Twenty One Capital revealing more than 43,000 BTC right after going public, these figures reflect not speculation but institutional-level long-term asset allocation thinking.

I want to emphasize that this change actually offers insights for us ordinary investors. The core logic behind these institutions' actions is simple—they are using corporate treasuries to hedge long-term risks while exploring multi-asset allocation possibilities. Notice that it's not just Bitcoin; Ethereum, Filecoin, and others are also being considered, even integrated with specific business scenarios.

But what’s most worth reflecting on here is: when they expand their holdings, they never go all-in on a single asset. Strategy allocates to BTC, while Republic Technologies continues to increase ETH holdings; Hyperscale Data not only mines but also reserves cash for DCA to build positions steadily. This multi-layered, rhythmic approach is precisely a true example of prudent asset allocation.

Rather than chasing hot trends, it’s better to observe the logic of these institutions—they use time to generate returns, diversify to hedge risks, and employ clear position management rather than gambler’s mentality. In the long run, this is the right path for asset allocation.