Cryptocurrency-based treasury reserves have become a highly adopted initiative in the sector, with Ethereum and Bitcoin leading the charge. Even though the initiative kicked off with Bitcoin, Ethereum treasury reserves have witnessed exponential growth as accumulation grows among large companies in the past few months.

Institutional Ethereum Adoption Still Growing

Amid the new wave of crypto adoption in the financial landscape, Ethereum’s role as a premier institutional asset is gaining traction, with treasury reserves holding ETH expanding at a rapid pace. In recent months, corporate and cryptocurrency-native treasuries have both increased their holdings, indicating a growing conviction in Ethereum’s long-term value and utility.

However, Ted Pillows, a crypto enthusiast and investor, has reported a cooling down in ETH accumulation among treasury companies in September. Such a development hints at a potential pause in the accumulation trend.

Following months of aggressive ETH allocations, this cooling trend raises the question of whether treasuries are taking a break or waiting for the market to reevaluate. Data shared by Ted shows that companies have acquired over 816,000 ETH in the month alone. While it may seem like a large quantity, this is a 50% decline when compared to August’s accumulation.

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Author: Godspower Owie