Recently, a Canadian listed company, Bitcoin Treasury Corporation (BTCT), has been making significant moves:

1. Raised nearly $100 million ($92 million), and immediately spent $31.5 million to buy 292.8 bitcoins*, which amounts to about $108,000 each, higher than the market price, indicating that they are genuinely optimistic.

2. Relisted on June 30 (Toronto Stock Exchange Venture, code BTCT), clearly indicating an intention to increase investment in Bitcoin.

What does this mean?

Institutions are no longer hesitating and are starting to invest real money in Bitcoin, rather than just making empty statements.

Large capital entering the market is often a signal for a market reversal—just like in 2020 when MicroStrategy made substantial purchases, leading to a Bitcoin bull market.

A bull market is not created by mere “talk,” but is built through continuous large purchases. Now that institutions are already taking action, what ordinary people should focus on is “what they are buying,” rather than “what they are saying.”