Ethereum treasury firms are slowing their purchases of ETH as the cryptocurrency experiences a sustained price downtrend, signaling caution among institutional investors. BitMine Immersion Technologies, the leading corporate holder, added 188,000 ETH in the past 30 days despite broader market caution. SharpLink Gaming and Bit Digital also remain major holders, reflecting strategic accumulation amid prolonged price declines. Analyst Ted noted that Ethereum treasury companies have nearly halted ETH acquisitions due to persistent declines in recent months. This cautious stance is evident in the volatile price actions of firms like BitMine Immersion Technologies, SharpLink Gaming, Dynamix Corporation, and Bit Digital, which have shown strong past rallies followed by gradual downtrends. Currently, 29 institutional entities from seven countries hold approximately 6.45 million ETH, valued at $12.7 billion, representing 5.35% of Ether's circulating supply. BitMine Immersion Technologies leads with over 4.47 million ETH, worth $8.84 billion, accounting for 3.7% of the total circulating Ether.