I. Market Status: Explosive Growth in Institutional Allocation Scale
Currently, over 250 listed companies worldwide have laid out crypto assets, holding a total of 670,000 Bitcoins, accounting for 3.2% of the total circulating Bitcoin. The total amount of corporate crypto asset allocation has surpassed $70 billion, indicating a significant increase in institutional acceptance of digital assets.
In the first half of 2025, the average quarterly Bitcoin purchase volume of listed companies reached 40,900 coins, far exceeding the ETF purchase speed during the same period, becoming the core source of incremental market funds. In addition, as the scale of crypto assets expands, the demand for professional custody services from companies has surged, and crypto custody is becoming a new growth point in the industry.
II. Growth Drivers: Policy, Innovation, and Market Resonance
Clarification of Regulation Releases Dividends: The regulatory framework for stablecoins in the U.S. is becoming clearer, and the advancement of Circle (the issuer of USDC) listing process clears obstacles for compliant asset allocation, enhancing institutional entry confidence.
Financing Model Iteration and Upgrade: Innovative financing tools are emerging, with the issuance scale of convertible bonds increasing by 310% year-on-year, and the on-chain treasury management penetration rate reaching 60%, promoting companies to incorporate crypto assets into balance sheet management.
Significant Price Support Effect: The large-scale gold purchasing spree by companies provides an 18.7% price premium support for the Bitcoin market, forming a positive cycle of 'institutional hoarding - market confidence.'
III. Trading Insights: Capture Institution-Driven Opportunities
Dual Support Level Strategy: Focus on the price resonance range formed by ETF capital inflows and corporate reserve increases. These nodes often become key support areas during market corrections.
Track Focus and Timing: Companies in the energy sector have a stronger willingness to allocate crypto reserves due to the cost advantage of electricity prices and the demand for computing power layout. Their balance sheet changes can be closely monitored; meanwhile, the mining difficulty adjustment cycle may bring short-term accumulation windows.
Financial Improvement Signals: Data shows that listed companies using crypto reserves have an average ROE (Return on Equity) increase of 3.8 percentage points, reflecting the positive impact of asset allocation on profitability, which may reshape the corporate value assessment system in the long term.
Conclusion: The cryptocurrency reserve strategy of listed companies is shifting from 'pilot testing' to 'scaled allocation.' Under the synergistic effects of policy, financing, and market demand, the industry is expected to enter a spiral upward period of 'institutional entry - ecosystem maturity - value reassessment.' Investors can layout around compliance, high allocation willingness tracks, and key price nodes to capture new paradigms of asset allocation in the digital economy era.$BTC
