#机构投资者比特币配置 Saylor is moving again. When I saw this message, the image that flashed in my mind was that autumn in 2020 — at that time, institutions were still on the sidelines, while he was already placing bets. Today, holding 671,268 Bitcoins at a cost of $74,972 each, this number for someone like me who has seen multiple cycles is not just about the holdings, but more like a proof of time.

Thinking back to the frenzy of 2017, how many institutions rushed in only to leave in a panic. But Saylor is different; he treats Bitcoin as a strategic asset for the company, adding more during market panic time and time again. During the 2021 correction, big institutions were cutting losses, but he was accumulating. Looking back now, those decisions have turned into on-paper victories.

This time, the Tracker information has been released again, and according to past patterns, there should be an announcement of increased holdings the next day. I’m not surprised — this is the fundamental difference between institutional investment logic and retail investors. Retail investors look at candlestick charts, while institutions look at cycles and positions. When Bitcoin breaks new highs and market sentiment is high, it’s actually the moment they quietly position themselves.

History has shown me that the allocation moves of large institutions often precede market recognition by half a step. In 2015, institutions were indifferent, but by 2017, it became a scramble. Now, from Grayscale Trust to major companies’ BTC allocations, it’s no longer just a trend but an inevitability. Every increase in holdings by Saylor is a declaration through action — the rules of this cycle are different from the last one.