A major institutional move just surfaced: National Bank of Canada, managing $398 billion in assets, has revealed Bitcoin exposure worth $270 million through MSTR holdings.

This isn't some fringe player—we're talking about one of Canada's largest financial institutions quietly stacking BTC on their books. The exposure comes via MicroStrategy's stock, which has essentially become a leveraged Bitcoin play for institutional portfolios.

What's wild? This pattern keeps repeating. Traditional finance giants are weaving Bitcoin into their balance sheets, one disclosure at a time. No press releases. No fanfare. Just regulatory filings showing the quiet accumulation.

The MSTR route gives these institutions regulatory cover while gaining crypto exposure—a workaround that's becoming the industry standard for conservative funds dipping their toes into digital assets.

Every quarterly filing season brings more revelations like this. Bitcoin's no longer just on crypto-native balance sheets. It's spreading through the veins of legacy finance, institution by institution.