#比特币机构配置与囤积 After reviewing this week's listed company allocation dynamics, it's quite interesting. Strategy is still aggressively accumulating, with over 6.6 million BTC, clearly treating Bitcoin as the main asset in corporate treasuries. Meanwhile, Twenty One Capital just listed and showcased 43,500 BTC; these institutions have long incorporated crypto assets into their financial statements.

The most noteworthy aspect is not just the numerical growth but the change in allocation logic—evolving from "all in Bitcoin" to a multi-layered portfolio of "BTC+ETH+FIL." Republic Technologies continues to increase its ETH holdings, and Shuntai Holdings uses FIL as collateral for mining, indicating that institutions no longer see crypto assets purely as investments but have integrated them into business strategies and asset management frameworks.

What does this mean for copy traders? The incremental allocations by institutions often signal bottoming. When listed companies disclose expansion actions collectively, market expectations are usually already priced in, but the real opportunity lies in these large funds' long-term holding intentions—they're not speculating but accumulating. If your copy targets include those deploying large spot positions or low-risk contract strategies at this stage, the safety margin for following is relatively higher. Of course, it's crucial to distinguish whether they are building positions or unloading, as this is the dividing line among traders.