4E: Institutions continue to increase the allocation of BTC and ETH

On October 29th, according to 4E observation, ZOOZ Strategy Ltd. (ZOOZ), a listed company in the United States, increased its holdings of 94 bitcoins at an average price of 112,000 dollars per piece, and the cumulative holdings have reached 1036, with a total value of about 115 million dollars, continuing its bitcoin reserve strategy. On-chain data shows that the suspected Bitmine address received 27,316 ETH (about 109 million dollars) from BitGo, which is the largest single account of the institution in recent months.
Grey released Solana Trust ETF (GSOL) on NYSE Arca today, becoming the second Solana ETF this week, providing direct exposure and potential collateral gains for US equity investors. Meanwhile, Bitcoin finance firm Sequans was found to have transferred 970 BTC to a Coinbase address, or for its first sale.
In terms of policy, French lawmaker Éric Ciotti proposed that the country buy 420,000 BTC in the next seven years, using the funds of the nuclear surplus mining and savings plan as a source; if passed, France will become the first European country to include bitcoin in the national reserve.
4E reminds investors that institutional holdings and the infrastructure layout of financial giants are strengthening the logic of mainstream adoption, but on-chain liquidity is still constrained by macro risks. In the short term, we need to be vigilant against the amplification effect of policy signals and changes in institutional positions on market expectations.