🧐 Behind the rush of traditional listed companies to allocate crypto assets｜The real institutional bull market is just beginning:

The transformation of balance sheets: from gold, Bitcoin to on-chain cash flow!

DeFi Development has become the world's first publicly listed company to invest in Solana's liquid staking tokens,

which will adopt the LST technology developed by Sanctum, investing part of its SOL holdings into dfdvSOL liquid staking tokens to accumulate staking rewards.

Don't underestimate this:

Yesterday in the previous article, I wrote:

The future Bitcoin market is likely to be institutionally driven in pricing, restructuring of chip distribution, and reduced intraday volatility, reflecting the current reality of ETF + MSTR + macro fund allocation trends.

In simple terms, $BTC is no longer a "retail speculation tool," but rather an "institutional allocation asset": MicroStrategy, ETFs, and a Wall Street-dominated funding structure are flattening volatility and extending cycles.

What you see is sideways movement, while institutions see a dollar-cost averaging opportunity. BTC resembles tech stocks more, or it may follow a slow bull curve over ten years or more.

So you will see that besides MicroStrategy and Metaplanet as representatives, an increasing number of traditional capital players are visibly starting to bet on on-chain staking yield assets.

It's happening now!

MicroStrategy has transformed itself from a traditional software company into a BTC investment vehicle by buying Bitcoin;

DeFi Development is attempting to replicate this path—only this time, the bets are on staking derivative assets like jitoSOL and mSOL.

There is a larger trend behind this:

It is highly probable that more companies will imitate MicroStrategy's behavior in the future, but asset choices will diversify, spreading from BTC to ETH, staking derivatives, and even on-chain high-yield structured products.

The next round of "strategic allocation" on company balance sheets may no longer be gold, but rather ETH, stETH, or even structured yield assets like LRT and Pendle.

Why?

✔ Inflation hedge: Digital assets are "alternative" gold;

✔ On-chain yield: The annualized returns of stETH and jitoSOL are comparable to bonds;

✔ Institutional entry: Crypto assets are becoming increasingly "legitimate" and "compliant."

So it is foreseeable that—

1️⃣ Early Stage

BTC buying strategy (like MicroStrategy)

Bitcoin has the largest consensus, controllable volatility, and can tell a good "digital gold" story.

2️⃣ Mid Stage

Staking derivatives (like stETH)

They have stable yield models, suitable for increasing cash flow;

3️⃣ Late Stage

Risk re-staking, yield splitting (like Pendle, EigenLayer)

High yield but complex, requiring professional research and high-risk tolerance;

If one day you see a U.S. stock company announce: "We will convert 30% of our cash flow into LSD yield positions, stETH/ETHX/stJUNO…" don't be surprised;

MAKE DEFI GREAT AGAIN

Good for Bitcoin, good for Ethereum!

This day is likely to come, and perhaps very soon.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。