#超百家公司持有超83万枚比特币# Behind the collective Coin Hoarding of enterprises is the reconstruction of three underlying logics:

Resisting fiat currency depreciation
Global inflation is high, with central banks in the US, Japan, and other countries excessively issuing currency. The fixed supply of 21 million bitcoins has become a "scarcity belief." Companies are hoarding coins to hedge against the shrinking of cash assets, even incorporating them into their balance sheets (as allowed by US accounting standards). The self-reinforcing wave of institutionalization.
Traditional financial giants such as Fidelity and BlackRock have launched Bitcoin ETFs, JPMorgan accepts crypto assets as collateral, and Saudi capital bets on XRP reserves. On the policy side, the U.S. government is establishing a strategic Bitcoin reserve, promoting sovereign funds to enter the market, creating a positive feedback loop of "institutional entry → liquidity increase → price rise."
Liquidity Siphoning and Scarcity Narrative
An additional 566 "Ancient Bitcoins" (held for ten years without movement) disappear from the market daily, surpassing the daily production of 450 coins by miners. Fidelity predicts that by 2035, 30% of circulating bitcoins will become "ancient fossils," with institutions and long-term holders controlling more than half of the chips, driving prices upward in the long term due to scarcity.

The "double-edged sword" effect of the institutionalization wave

In the short term, the trend of enterprises hoarding coins and favorable policies (such as Trump's push for the legalization of crypto assets) may continue to drive up Bitcoin prices. However, in the long term, two major trends need to be monitored:
Liquidity Trap: If institutions collectively sell off, the market will experience severe volatility due to insufficient depth;
Regulatory tightening: Countries like Dongda and the United States are controlling or restricting institutional behaviors regarding tax compliance and anti-money laundering for crypto assets.
The future of Bitcoin depends not only on whether institutions can balance "value storage" and "market health," but also on dealing with variables such as the fluctuations in Satoshi's wallet and technological upgrades (like Taproot). This epic experiment of "digital gold" is destined to be filled with games and uncertainties.