According to a recent report from B. Riley, the current activity in the cryptocurrency treasury sector remains somewhat sluggish and lacks the robust momentum seen in previous periods. However, despite this tepid environment, there are signs of improvement as capital flows into the sector have started to rebound, indicating a potential shift in investor confidence and market dynamics. This mixed outlook suggests that while the treasury activities may not be at their peak, there is a renewed interest and influx of capital that could stimulate future growth within the cryptocurrency market.
source: https://www.coindesk.com/markets/2025/10/29/crypto-treasury-activity-still-tepid-but-capital-flows-rebound-b-riley