Ethereum co-founder Vitalik Buterin supports Ether treasury companies but warns against irresponsible leveraging. Public companies holding ETH exposes more investors to the token. ETH treasury trend is popular on Wall Street, with firms holding billions in cryptocurrencies like BTC and ETH. Buterin warns against overleveraging that could lead to ETH’s downfall.

ETH treasury holdings by public companies have reached $11.77 billion, with BitMine and SharpLink leading. BitMine holds $3.2 billion in ETH, making it the fourth largest holding among public companies. SharpLink and The Ether Machine hold $2 billion and $1.34 billion in ETH, respectively. Ethereum Foundation and PulseChain also hold significant amounts.

ETH has experienced a price rally, going from $1,470 in April to $3,870 currently. ETH treasury firms have played a role in the resurgence of ETH, bridging the gap with Bitcoin and Solana in the current bull cycle. This trend has been a catalyst for ETH’s comeback, with analysts predicting a strong future for the token.

Read more at Cointelegraph: Vitalik Buterin Backs ETH Treasury Firms But Warns Of Risks