最新报道:Corporate crypto treasuries now hold nearly 4% of Bitcoin's supply and over 1% of Ethereum, but many companies use treasury announcements more for publicity than risk management. Similar to the 2017 ICO boom, firms like TMTG and CEA Industries stage crypto announcements to drive valuations, creating self-reinforcing hype cycles. While MicroStrategy maintains Bitcoin as a conviction-based reserve asset, others risk triggering algorithmic sell-offs that could amplify market crashes, potentially repeating ICO-style collapses on an institutional scale.