Wells Fargo more than sextupled its Bitcoin exposure in the second quarter, raising the value of its holdings to about $160 million from $26 million three months earlier, according to figures cited in market commentary on Sunday. The move adds another big U.S. bank to the list of financial institutions expanding direct or indirect positions in the largest cryptocurrency. Separate data point to a rapid accumulation of Bitcoin by heavyweight asset managers. BlackRock and Michael Saylor’s Strategy now control roughly 1.38 million coins—valued at $162.9 billion—giving the pair about 6.6 percent of the token’s capped supply. Strategy alone is reported to own more Bitcoin than the next 99 largest corporate and institutional treasuries combined, underscoring its outsize influence on market supply. High-profile industry executives argue that the shift in institutional positioning could herald a broader change in the monetary landscape. Coinbase Chief Executive Officer Brian Armstrong said Bitcoin is positioned to become a reserve currency, while Block co-founder Jack Dorsey predicted the network will eventually displace Visa, Mastercard and major banking intermediaries. Their comments reflect growing expectations in parts of the tech and financial sectors that Bitcoin’s role could extend well beyond its current status as a speculative asset.