Crypto Treasury Activity Still Tepid but Capital Flows Rebound: B. Riley

B. Riley reports that while corporate crypto activity remains subdued, capital flows are beginning to rebound due to positive developments in U.S.-China trade talks. Specific companies like BitMine Immersion Technologies have been proactive, adding approximately $300 million in ether and adjusting their crypto exposure. Overall, the digital asset treasury landscape is stabilizing, with media net asset value (NAV) for tracked companies slightly improving to 1.1x. Notably, solana's recent ETF launches attracted $800 million in inflows, underscoring its appeal among institutional investors. Analysts recommend stock buybacks for firms trading below NAV, especially for Sequans Communications, which reports soon on November 4.

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