have you ever asked if some companies are seriously investing in Cryptos and still not talking about it?
They way crypto platform for Institutional client is been developed by the day is become an eye opener that there is serious interest by companies but I guess anonymity is prefered
I don't think it is something which can be done secretly
Obviously, I don't mean private investments here as everyone is free to do whatever he thinks is best for his money (and pay for it if things go wrong), up to a point where you can say one thing and do the opposite (Jamie Dimon style). But this is not the case with public institutions. So while this thought may in fact be quite encouraging, comforting or even soothing in the downtrend environment as of now, it still looks like it has more to do with wishful thinking rather than objective reality
I believe there must be lots of ways for institutions and companies to hide it: special purpose vehicles, subsidiaries, offshore accounts and companies, hiring agents, etc.
Even the Federal Reserve showed that it doesn't have to disclose how much gold it holds, by lumping it in with other miscellaneous assets at one point.