#以太坊持仓配置 Looking at this week's holdings adjustments by listed companies, I have to say—this is the true logic of allocation.

Institutions like Strategy and Twenty One Capital are not betting on the coin price, but are engaging in asset allocation. There's no need to discuss BTC as the core asset, but I am more interested in the signal that ETH allocation is becoming normalized. Republic Technologies increased their ETH holdings by over 1570 coins, with an average cost of around $2700. What does this indicate? It shows that major institutions are now viewing ETH as a strategic asset rather than just following the hype of concept coins.

Comparing this to the detours I’ve taken over the years, it’s clear—retail investors always chase new trends and hot concepts, rushing into whatever is popular. But those who truly last, including these listed companies, are actually doing the opposite—they are reducing positions. A balanced portfolio of BTC and ETH is the real risk-controlled posture.

The most cautionary thing is those seemingly "diversified" allocations. I’ve seen too many people, driven by greed, spread their money everywhere, only to be wiped out when one project collapses. Listed companies choosing assets like ETH and FIL, which are supported by real business scenarios, are fundamentally trying to hedge risks.

Instead of envying others’ gains, ask yourself first: how much drawdown can you withstand? How many projects in your portfolio are truly backed by real business? These are the keys to lasting success.