#比特币机构配置与囤积 Last week, institutional Bitcoin allocation data has been整理完了, and several signals are worth关注。

**Core Observations:**

Strategy this week once again投入 9.6 billion USD to buy 10,624 BTC, bringing total holdings to 660,000 BTC—this scale已等同于中等国家的外汇储备规模. Twenty One Capital just披露 43,500 BTC upon上市, directly进入第一梯队. This is not retail accumulation, but listed companies将比特币写进财务报表、当作战略资产来配置.

**Notable Details:**

Multi-chain配置已成常态. Lion Group not only买 BTC, but also配置了 SOL 和 HYPE; Republic Technologies主动增持 ETH并预留 1,000 万继续跟; Shuntai Holdings用 FIL支撑挖矿业务. This indicates that大机构已经走过"要不要配"的阶段, and are now进入"怎么配、配多少"的精细化阶段.

**On-Chain Perspective:**

ProCap Financial提到"强化财库稳健性", Hyperscale Data拨了 3,400 万美元走 DCA方案——these are典型的机构级配置逻辑, risk hedging rather than speculation. Large资金这样布局通常意味着对中期价格预期的确定性在提升.

Continuously追踪 these listed companies'增持节奏和配置结构, will provide a better understanding of the market's真实资金面状态 than just watching daily fluctuations.