As the number of companies adding Ethereum (ETH) to their reserves continues to increase every day, Vitalik Buterin commented on this situation. In an interview with the Bankless podcast, Ethereum co-founder Vitalik Buterin supported the growing trend of ETH-focused treasury firms while warning that excessive leverage risks triggering a gradual price collapse. Vitalik Buterin said that holding ETH in companies' treasuries is valuable and helps more investors access it. However, he warned that this trend could pose risks to the Ethereum ecosystem if it turns into an “over-leveraged game.” “They certainly provide valuable services. The ability for companies to invest in ETH treasury companies rather than holding ETH directly gives investors more options. However, there are risks as well.” According to the data, the largest institutional ETH holders are BitMine Immersion Technologies with $3.23 billion worth of ETH and SharpLink Gaming with $2.02 billion worth of ETH. Vitalik Buterin also emphasized that these companies are more resilient than past failures like Terra, and stated that ETH investors are not like Terra investors, they have sufficient knowledge and discipline. “These are not Do Kwon followers we are talking about. ETH investors have enough discipline to stay away from such a crash.” Buterin added that ETH’s 163% rally this year, fueled by demand from treasury firms, has helped narrow the performance gap with Bitcoin (BTC) and Solana (SOL). *This is not investment advice. Continue Reading: Ethereum Founder Vitalik Buterin Offers Support and Warning for ETH! He Made a Reference to Another Altcoin!