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Chris Kuiper, Vice President of Digital Asset Research at Fidelity, stated that the number of listed companies holding over 1000 bitcoins continues to increase, indicating a growing interest among institutions in Bitcoin. According to analyst Zack Wainwright's tracking data, the number of such companies has increased from 24 at the end of the first quarter of 2025 to 30 at the end of the second quarter, and has now reached 35 in the third quarter. These companies collectively hold nearly 900000 bitcoins, significantly increasing their exposure to Bitcoin. It is worth noting that from the first quarter to the second quarter, Bitcoin purchasing behavior was more dispersed among listed companies, rather than concentrated among a few large buyers. Data shows that in the first quarter of 2025, listed companies purchased a total of 99857 bitcoins, which increased to 134456 in the second quarter, representing a 35% month on month growth.