In the past week, leading Bitcoin treasury companies have been active repeatedly. According to data tracking, they continued to buy at a price just above $95K, adding 22,305 BTC in a single week, with a total value of approximately $2.125 billion. What does this mean? Their total holdings have reached 709,715 BTC, with a market value exceeding $64.7 billion. More interestingly, their average cost basis is around $75,979, and the unrealized gains in this wave of market movement have already accumulated to $10.8 billion.

Meanwhile, Ethereum treasury companies are also quietly positioning themselves. Although their increase in holdings last week was not as exaggerated as Bitcoin's, their continued accumulation stance is equally noteworthy. This rhythm of large capital often signals to the market—indicating their long-term trend judgment.

The changes in holdings of such treasury companies have always been closely watched indicators by market participants. From the comparison of the average cost basis and current unrealized gains, these institutions are quite confident in their pace of building positions.