There’s been some movement over the past week—at least 8 of the world’s top 100 publicly listed companies have quietly increased their BTC holdings.

How much do these institutions hold now? Combined, it’s over 1.05 million BTC. If you want the USD equivalent... you can do the math yourself.

What’s interesting is that this round of accumulation happened while the market was still moving sideways. Traditional financial players are starting to treat Bitcoin as a “balance sheet allocation,” which is a completely different approach from retail investors chasing price swings.

Who will follow next is anyone’s guess, but when public companies disclose their holdings, the signal often matters more than the numbers themselves.