Crypto Treasury activity continues to show limited momentum, but signs of a capital rebound are emerging as U.S.โChina trade talks help lift overall market sentiment, according to a new report by B. Riley. ๐
The Wall Street broker noted that corporate digital asset participation remains subdued following months of deleveraging and liquidity tightening across the crypto industry. However, improving global trade relations are restoring confidence and setting the stage for a potential pickup in institutional activity. ๐
Among key players, BitMine Immersion Technologies (BMNR) led the charge in digital asset treasury growth โ adding approximately $300 million in Ether (ETH) to its holdings, significantly expanding its crypto exposure. ๐ฅ
B. Riley also highlighted that the launch of Solana ($SOL ) spot ETFs in Hong Kong and the U.S. attracted over $800 million in first-day inflows, underscoring rising institutional demand and reaffirming Solanaโs position as a top-tier blockchain asset. โก
Earlier this month, the firm initiated coverage on several Digital Asset Treasury Companies (DATCOs) โ including BitMine Immersion (BMNR), SharpLink Gaming (SBET), FG Nexus (FGNX), Kindly MD (NAKA), and Sequans Communications (SQNS) โ assigning โBuyโ ratings to each as part of its bullish outlook on the sector. ๐
Overall, B. Rileyโs analysis suggests that while treasury activity remains cautious, the return of capital inflows and growing ETF traction could signal the early stages of a broader crypto treasury revival. ๐
